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Battalion Oil ( (BATL) ) just unveiled an announcement.
Battalion Oil Corporation, a Delaware-based company, has terminated its Agreement and Plan of Merger with Fury Resources, Inc. and San Jacinto Merger Sub, Inc. due to unmet conditions by the parent company, including securing qualifying additional financing. As a result of the termination, Battalion Oil is entitled to retain $9,999,999.99 and is also seeking a remaining fee of $15,000,000 from Fury Resources, which is guaranteed by Abraham Mirman under a limited guarantee agreement.
More about Battalion Oil
YTD Price Performance: -74.66%
Average Trading Volume: 67,914
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $40.07M
Learn more about BATL stock on TipRanks’ Stock Analysis page.
