Battalion Oil Corporation
19.36%
12,797,151
1282648
Aug 16, 2026
Aug 17, 2026, 09:30 PM
Reporting Persons (7)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| OCM HLCN Holdings, L.P. | Partnership | 19.36% | 12,797,151 | 0 | 12,797,151 |
| Oaktree Fund GP, LLC | Other | 19.36% | 12,797,151 | 0 | 12,797,151 |
| Oaktree Fund GP I, L.P. | Partnership | 19.36% | 12,797,151 | 0 | 12,797,151 |
| Oaktree Capital I, L.P. | Partnership | 19.36% | 12,797,151 | 0 | 12,797,151 |
| Brookfield OCM Holdings II, LLC | Other | 19.36% | 12,797,151 | 0 | 12,797,151 |
| Brookfield OCM Holdings, LLC | Other | 19.36% | 12,797,151 | 0 | 12,797,151 |
| Brookfield Oaktree Holdings, LLC | Other | 19.36% | 12,797,151 | 0 | 12,797,151 |
Disclosure Items (2)
Common Stock, $0.0001 par value per share
Battalion Oil Corporation
820 Gessner Road, Houston, TX, 77024
Items 5(a)-(c) of Schedule 13D are hereby amended and restated as follows and set forth in subsections (b) and (c) hereof: The responses of the Reporting Persons to rows (11) and (13) on the cover pages of this Schedule 13D are incorporated by reference into this Item 5(a). OCM HLCN directly holds 3,988,089 shares of Common Stock and beneficially owns 8,806,376 shares of Common Stock issuable upon conversion of the Preferred Stock directly held by OCM HLCN. In this regard, the shares of the Series A Preferred Stock, Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series A-3 Preferred Stock, and Series A-4 Preferred Stock (collectively, the "Preferred Stock") directly held by OCM HLCN are currently convertible, based on their respective Conversion Ratios previously disclosed in Item 6 of the Schedule 13D (as amended), into 1,230,614, 2,065,530, 2,734,349, 1,358,894 and 1,416,988 shares of Common Stock, respectively. Due to necessary reconciliation with the Issuer regarding the conversion calculations for the Preferred Stock, the updated amount of Common Stock issuable upon conversion of the Preferred Stock directly held by OCM HLCN was communicated and confirmed by the Issuer on August 17, 2026. The reported amount includes an additional 2,686 shares of Common Stock held in a separately managed account managed by an affiliate of the Reporting Persons. The beneficial ownership reported herein has been rounded to the nearest whole share, as applicable, unless otherwise specified. Each of the Reporting Persons may be deemed to share the power to vote or dispose of the reported securities, but the filing of this statement shall not be deemed an admission of beneficial ownership for purposes of Section 13(d) or Section 13(g) or for any other purpose.
The responses of the Reporting Persons to rows (7) through (10) on the cover pages of this Schedule 13D and the information set forth in Item 5(a) hereof are incorporated by reference into this Item 5(b).
Except as reflected herein, the Reporting Persons have not effected any transactions in the shares of Common Stock during the prior 60 days.