Former 5.39% holder exits Battalion Oil Corp (BATL) after share disposal

Rhea-AI Filing Summary

Diveroli Investment Group LLC and Kingbird Ventures LLC filed an amended Schedule 13D stating they no longer beneficially own any shares of Battalion Oil Corp Class A common stock.

The amendment notes that the reporting persons previously acquired 887,455 shares, representing 5.39% of the company as of January 23, 2026, through open-market purchases. They have since disposed of all of these securities and now report 0 shares and 0.00% beneficial ownership, based on 16,456,563 shares outstanding as of September 30, 2025. They also state they no longer have any plans or proposals relating to Battalion Oil.

Insights

Equity ownership and governance analyst

Amended 13D shows a former 5.39% holder has fully exited its Battalion Oil position.

The filing shows Diveroli Investment Group LLC and Kingbird Ventures LLC once held 887,455 Battalion Oil shares, or 5.39% of the Class A common stock, acquired via open-market purchases for an aggregate $1,047,196.90.

They now report 0 shares and 0.00% beneficial ownership, indicating a complete exit. With no remaining plans or proposals regarding Battalion Oil Corp, the filing mainly updates ownership records rather than signaling a new strategic move.

For investors assessing the shareholder base as of this amended filing, this means these entities are no longer part of the significant-holder landscape that was previously calculated against 16,456,563 shares outstanding as of September 30, 2025.

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Accepted by SEC EDGAR 01/27/2026 - 07:44 PM Learn about SEC filing dates

FAQ

What does the amended Schedule 13D for Battalion Oil Corp (BATL) report?

The amended Schedule 13D reports that Diveroli Investment Group LLC and Kingbird Ventures LLC now hold 0 Battalion Oil shares, reducing their beneficial ownership to 0.00%. It updates earlier disclosures where they were previously significant shareholders in the company.

How many Battalion Oil (BATL) shares did the reporting persons previously acquire?

The reporting persons previously acquired 887,455 Battalion Oil Class A common shares, representing 5.39% beneficial ownership as of January 23, 2026. These shares were purchased in open-market transactions between July 1, 2025 and January 21, 2026.

What was the total cost and average price of the Battalion Oil (BATL) shares acquired?

The reporting persons bought 887,455 shares for an aggregate $1,047,196.90, at an average price of $1.18 per share including brokerage fees. All of these shares have since been disposed of, leading to 0.00% current ownership.

Do Diveroli Investment Group LLC and Kingbird Ventures LLC still own Battalion Oil (BATL) stock?

No. The amended Schedule 13D states they now beneficially own 0.00 shares, or 0.00% of the class. This reflects the full disposal of all previously reported Battalion Oil Class A common stock holdings.

What percentage of Battalion Oil (BATL) did 887,455 shares represent at the time of ownership?

The 887,455 Battalion Oil shares represented a 5.39% beneficial ownership stake as of January 23, 2026. That percentage was calculated against 16,456,563 Class A shares outstanding as of September 30, 2025, per the issuer’s Form 10-Q.

Do the reporting persons have any current plans or proposals regarding Battalion Oil (BATL)?

The amended filing states the reporting persons no longer have any plans or proposals relating to Battalion Oil Corp. This aligns with their disclosure that they have disposed of all previously reported securities and now hold no shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

BATTALION OIL CORP

(Name of Issuer)

Class A Common Stock, $0.01 par value per share

(Title of Class of Securities)

07134L107

(CUSIP Number)

Aharon Diveroli
Diveroli Investment Group LLC, 848 Brickell Ave., Suite PH5
Miami, FL, 33131
305-202-0630

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/26/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 07134L107

1

Name of reporting person

Diveroli Investment Group LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.00 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Based on 16,456,563 shares of Class A Common Stock outstanding as of September 30, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 13, 2025.

SCHEDULE 13D

CUSIP No. 07134L107

1

Name of reporting person

Kingbird Ventures LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.00 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Based on 16,456,563 shares of Class A Common Stock outstanding as of September 30, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 13, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.01 par value per share
(b)	Name of Issuer: BATTALION OIL CORP
(c)	Address of Issuer's Principal Executive Offices: 820 Gessner Road, Suite 1100, Houston, TEXAS , 77024.
Item 2.	Identity and Background
(a)	Diveroli Investment Group LLC and Kingbird Ventures LLC (the "Reporting Persons"),
(b)	The Reporting Persons have a business address of 848 Brickell Ave., Suite PH5, Miami, FL, 33131
(c)	Reported shares are held in the name of Kingbird Ventures LLC, and Diveroli Investment Group LLC is its authorized representative.
(d)	N/A
(e)	N/A
(f)	Diveroli Investment Group LLC is a Delaware limited liability company. Kingbird Ventures LLC is a Wyoming limited liability company.
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons have utilized certain investment funds in their possession as the consideration for the acquisition of 887,455 shares of Common Stock, $0.0001 par value per share, which constitutes a beneficial ownership percentage of 5.39% as of the date January 23, 2026. The shares were acquired in open market purchases from July 1, 2025 to January 21, 2026 for an aggregate consideration of $1,047,196.90 at an average price per share of Common stock, inclusive of brokerage fees, of $1.18.
Item 4.	Purpose of Transaction
	The Reporting Person has disposed of all of the Issuer's securities previously reported. The Reporting Person no longer has any plans or proposals relating to the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	0.00 shares of Class A Common Stock, $0.01 par value per share, which constitutes a beneficial ownership percentage of 0.00% as of the date of this SCHEDULE 13D/A. Based on 16,456,563 shares of Class A Common Stock outstanding as of September 30, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 13, 2025.
(b)	0.00 shares of Class A Common Stock, $0.01 par value per share.
(c)	N/A
(d)	N/A
(e)	N/A
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	N/A
Item 7.	Material to be Filed as Exhibits.
	EXHIBIT 99.1 JOINT FILING AGREEMENT

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Diveroli Investment Group LLC

Signature:	/s/ Aharon Diveroli
Name/Title:	Aharon Diveroli/Chief Investment Officer
Date:	01/27/2026

Kingbird Ventures LLC

Signature:	/s/ Aharon Diveroli
Name/Title:	Aharon Diveroli/Chief Investment Officer
Date:	01/27/2026