Battalion Oil Corporation Announces Acceptance of Compliance Plan by NYSE American
Battalion Oil Corporation (NYSE American: BATL) announced that NYSE American has accepted its compliance plan to regain adherence to continued listing standards, granting the company until November 30, 2026 to execute its strategy. The plan addresses the previously disclosed non-compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide.
The company's stock will continue trading under the symbol "BATL" during this period, subject to an exception and ongoing monitoring by NYSE American staff. CEO Matt Steele expressed confidence in the company's ability to execute the plan and strengthen its operations and financial position, though success is not guaranteed.
Battalion Oil Corporation (NYSE American: BATL) ha comunicato che NYSE American ha approvato il suo piano di conformità per ripristinare il rispetto degli standard di quotazione continua, concedendo alla società tempo fino al 30 novembre 2026 per attuare la strategia. Il piano riguarda la non conformità precedentemente resa nota alle Sezioni 1003(a)(i) e 1003(a)(ii) della Guida alle Società di NYSE American.
Le azioni della società continueranno a essere negoziate con il simbolo "BATL" durante questo periodo, fatto salvo un'eccezione e il monitoraggio continuo da parte del personale di NYSE American. L'amministratore delegato Matt Steele ha espresso fiducia nella capacità dell'azienda di attuare il piano e rafforzare operazioni e posizione finanziaria, pur precisando che il successo non è garantito.
Battalion Oil Corporation (NYSE American: BATL) anunció que NYSE American ha aceptado su plan de cumplimiento para recuperar la adhesión a los estándares de cotización continua, otorgando a la compañía hasta el 30 de noviembre de 2026 para ejecutar la estrategia. El plan aborda el incumplimiento previamente divulgado con las Secciones 1003(a)(i) y 1003(a)(ii) de la Guía de Empresas de NYSE American.
Las acciones de la compañía seguirán cotizando con el símbolo "BATL" durante este periodo, sujeto a una excepción y a la supervisión continua del personal de NYSE American. El CEO Matt Steele mostró confianza en la capacidad de la empresa para ejecutar el plan y fortalecer sus operaciones y su situación financiera, aunque advirtió que el éxito no está garantizado.
Battalion Oil Corporation (NYSE American: BATL)은 NYSE American이 지속 상장 기준을 회복하기 위한 당사의 준수 계획을 수락했으며, 회사가 전략을 실행할 수 있도록 2026년 11월 30일까지 기한을 부여했다고 발표했습니다. 이 계획은 NYSE American 회사 가이드의 제1003조(a)(i) 및 제1003조(a)(ii) 위반 사항에 대해 이전에 공시된 비준수를 해결합니다.
이 기간 동안 회사 주식은 계속해서 "BATL"이라는 심볼로 거래되며, 이는 예외와 NYSE American 직원의 지속적인 모니터링의 적용을 받습니다. CEO 매트 스틸은 회사가 계획을 실행하고 운영 및 재무 상태를 강화할 수 있다고 자신감을 표명했으나, 성공이 보장되는 것은 아니라고 밝혔습니다.
Battalion Oil Corporation (NYSE American: BATL) a annoncé que NYSE American a accepté son plan de conformité visant à retrouver le respect des critères de cotation continue, accordant à la société un délai jusqu'au 30 novembre 2026 pour exécuter sa stratégie. Le plan traite de la non-conformité précédemment divulguée aux Sections 1003(a)(i) et 1003(a)(ii) du NYSE American Company Guide.
Les actions de la société continueront d'être négociées sous le symbole "BATL" durant cette période, sous réserve d'une exception et d'une surveillance continue par le personnel de NYSE American. Le PDG Matt Steele a exprimé sa confiance dans la capacité de la société à mettre le plan en œuvre et à renforcer ses opérations et sa situation financière, tout en précisant que le succès n'est pas garanti.
Battalion Oil Corporation (NYSE American: BATL) gab bekannt, dass die NYSE American ihren Compliance-Plan zur Wiederherstellung der Einhaltung fortlaufender Notierungsstandards akzeptiert hat und dem Unternehmen Zeit bis zum 30. November 2026 zur Umsetzung der Strategie gewährt. Der Plan bezieht sich auf die zuvor offengelegte Nichtkonformität mit den Abschnitten 1003(a)(i) und 1003(a)(ii) des NYSE American Company Guide.
Die Aktien des Unternehmens werden in diesem Zeitraum weiterhin unter dem Symbol "BATL" gehandelt, vorbehaltlich einer Ausnahme und fortlaufender Überwachung durch das Personal der NYSE American. CEO Matt Steele äußerte Zuversicht in die Fähigkeit des Unternehmens, den Plan umzusetzen und Betrieb sowie finanzielle Lage zu stärken, wies jedoch darauf hin, dass ein Erfolg nicht garantiert ist.
- NYSE American's acceptance of the compliance plan provides extended timeline until November 30, 2026
- Company maintains NYSE American listing status during compliance period
- Risk of potential delisting if progress consistent with plan is not achieved
- Current non-compliance with NYSE American listing standards Sections 1003(a)(i) and 1003(a)(ii)
Insights
NYSE American accepting Battalion's compliance plan prevents immediate delisting, but significant financial challenges remain with a 15-month remediation deadline.
Battalion Oil has secured a critical reprieve from NYSE American, which has accepted the company's compliance plan and granted a 15-month remediation period through November 30, 2026. This development directly addresses the June 2, 2025 notification of noncompliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide, which typically indicates substantial stockholders' equity deficiencies relative to sustained losses.
The exchange will allow Battalion to continue trading under the "BATL" symbol during this period, but with a compliance exception notation. This represents a double-edged sword for investors - while avoiding immediate delisting, the underlying financial weaknesses that triggered the noncompliance remain unresolved. The specific nature of the violations (Sections 1003(a)(i) and 1003(a)(ii)) suggests Battalion has reported stockholders' equity below minimum thresholds while experiencing significant financial losses over multiple fiscal years.
The lengthy remediation period granted (15 months) indicates the exchange recognizes substantial challenges ahead for Battalion to regain compliance. The conditional nature of continued listing - with explicit mention that NYSE American staff will monitor progress and may initiate delisting regardless of listing status - suggests significant execution risk. Management's statement offers minimal concrete details about the compliance strategy itself, making it difficult to assess the probability of successful remediation.
Houston, Texas, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that it received notice from the NYSE American LLC confirming acceptance of the Company’s Plan to regain compliance with its continued listing standards, including granting a Plan period through November 30, 2026, for the Company to execute its compliance strategy.
As previously disclosed in the Company’s Current Report on Form 8-K filed on June 2, 2025, Battalion received a notice from the NYSE American indicating noncompliance with the continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide. In response, the Company submitted a detailed plan to regain compliance, which was accepted on August 19, 2025.
During the Plan period, NYSE American staff will monitor the Company’s progress. If Battalion fails to make progress consistent with the plan, the NYSE American may initiate delisting procedures, regardless of the Company’s listing status at that time.
The Company’s common stock will continue to be listed on the NYSE American under the symbol “BATL,” pursuant to an exception, and remains subject to compliance with all other applicable listing requirements.
Management Comments
“We appreciate the NYSE American’s acceptance of our compliance plan and the opportunity to demonstrate our commitment to restoring compliance,” said Matt Steele, Chief Executive Officer of Battalion Oil Corporation. “Our team is focused on executing the plan with discipline and urgency, while continuing to strengthen our operations and financial position. We remain confident in our long-term strategy and are committed to delivering value to our shareholders.”
While the Company is committed to regaining compliance, there can be no assurance that it will be successful within the Plan period. Future developments may also impact the Company’s ability to meet continued listing standards or comply with other NYSE American requirements.
Forward Looking Statements
This press release includes forward-looking statements as defined by U.S. securities laws. These statements are not historical facts and often include words like “expects,” “believes,” “plans,” “estimates,” “may,” “will,” or similar expressions. They cover topics such as future production, financial condition, capital spending, and strategic plans. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ significantly. Key risks are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and other filings with the Securities and Exchange Commission (SEC), available at www.sec.gov or on the Company’s website at www.battalionoil.com. Readers are cautioned not to rely too heavily on these forward-looking statements, which speak only as of the date of this release. The Company does not undertake any obligation to update these statements in light of new information or future events.
BATTALION OIL CORPORATION Matthew B. Steele Chief Executive Officer 832-538-0300 | www.battalionoil.com
FAQ
What did Battalion Oil (BATL) announce regarding NYSE American listing compliance?
Why is Battalion Oil (BATL) at risk of being delisted from NYSE American?
Will Battalion Oil (BATL) continue trading on NYSE American during the compliance period?
What happens if Battalion Oil (BATL) fails to meet its compliance plan requirements?
