Battalion Oil Corporation Faces Potential Delisting from NYSE American Due to Non-Compliance with Listing Standards

Reuters
06/03
Battalion Oil Corporation Faces Potential Delisting from NYSE American Due to Non-Compliance with Listing Standards

Battalion Oil Corporation has announced that it received a notice from the NYSE American LLC on May 30, 2025, indicating the company is not in compliance with the exchange's continued listing standards. Specifically, Battalion Oil failed to meet the requirements outlined in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide, which mandate a minimum stockholders' equity of $2 million for companies with reported losses over two of their three most recent fiscal years. The company is preparing a compliance plan for submission by the June 30, 2025 deadline, which, if accepted, will allow its stock to remain listed during the plan period. Battalion Oil's shares, trading under the symbol "BATL," will continue to be listed for now, but failure to comply by November 30, 2026, could result in delisting procedures. This notice does not immediately affect Battalion Oil's business operations or SEC reporting requirements. However, potential delisting could reduce the stock's liquidity and market price, and impair the company's ability to raise capital and offer equity incentives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Battalion Oil Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-008346), on June 02, 2025, and is solely responsible for the information contained therein.

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