UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 001-35467
CUSIP Number: 40537Q803
(Check one): | ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form N-CEN |
For Period Ended: June 30, 2023
☐ Transition Report on Form 10-K
☐ Transition Report on Form 20-F
☐ Transition Report on Form 11-K
☐ Transition Report on Form 10-Q
For the Transition Period Ended: ____________________________________
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. |
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If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: |
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PART I – REGISTRANT INFORMATION
Battalion Oil Corporation |
Full Name of Registrant |
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Former Name if Applicable |
3505 West Sam Houston Parkway North, Suite 300 |
Address of Principal Executive Office (Street and Number) |
Houston, TX 77043 |
City, State and Zip Code |
PART II – RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
☒ | (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
| (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
| (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III – NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Battalion Oil Corporation (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Quarterly Report”) by the prescribed filing date for the reasons stated below.
On August 4, 2023, the Company’s former Chief Financial Officer resigned from the Company; subsequently, Matthew B. Steele, the Company’s Chief Executive Officer, assumed the responsibilities of principal financial officer. Due to the proximity in timing of the prescribed filing date to the Company’s former CFO’s departure and Mr. Steele’s undertaking as principal financial officer, the Company has determined the need for additional time to complete the typical procedures relating to its quarter-end reporting process. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the Company expects to file the Quarterly Report within the five-calendar day extension period following the prescribed due date.
(1) | Name and telephone number of person to contact in regard to this notification | ||||
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Matthew B. Steele |
| 832 |
| 541-8334 | |
(Name) |
| (Area Code) |
| (Telephone Number) | |
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(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s). | ||||
| ☒ Yes ☐ No | ||||
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(3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? | ||||
| ☐ Yes ☒ No | ||||
| If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. | ||||
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Battalion Oil Corporation | |||
(Name of Registrant as Specified in Charter)
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: August 14, 2023 |
| By: | /s/ Matthew B. Steele |
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| Name: | Matthew B. Steele |
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| Title: | Chief Executive Officer (Principal Executive Officer and Principal Financial Officer)
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