Battalion Oil sinks after buyer Fury Resources says it can't meet funding terms [Seeking Alpha]
Battalion Oil Corporation (BATL)
Company Research
Source: Seeking Alpha
On Wednesday, Fury Resources informed Battalion ( BATL ) that it won't be able to deliver Evidence of Funding by the funding deadline, according to an 8-K filing on Thursday. Under the merger agreement, Battalion has the right to terminate the merger agreement. Battalion ( BATL ) is evaluating its options in light of the failure and is considering a range of options and a termination of the deal. At this time, the company hasn't terminated the merger agreement. Battalion ( BATL ) plunged 19% on Jan. 24 after an 8-K filing about its planned sale to Fury Resources disclosed some details about financing and that the deal would take longer to be completed. In December, Fury Resources agree d to buy Battalion Oil for $9.80 per share in cash or about $450 million at the time, sending Battalion Oil shares soaring 82% on Dec. 15. Recommended For You More Trending News Recommended For You More Trending News About BATL Stock Related Stocks Trending Analysis Trending News
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BATL
News
- Battalion Oil Corporation Announces Fourth Quarter 2023 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- Battalion Oil Corporation Announces Fourth Quarter 2023 Financial and Operating ResultsGlobeNewswire
- STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Continues Investigating the Merger – BATL, MDC, KNTE, INBXGlobeNewswire
- SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates INBX, BATL, KAMNPR Newswire
- SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates KAMN, CTLT, BATLPR Newswire
BATL
Earnings
- 5/15/23 - Miss
BATL
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form 8-K
- BATL's page on the SEC website