Battalion Oil Corporation has announced that it received a notice from the NYSE American LLC on May 30, 2025, indicating the company is not in compliance with the exchange's continued listing standards. Specifically, Battalion Oil failed to meet the requirements outlined in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide, which mandate a minimum stockholders' equity of $2 million for companies with reported losses over two of their three most recent fiscal years. The company is preparing a compliance plan for submission by the June 30, 2025 deadline, which, if accepted, will allow its stock to remain listed during the plan period. Battalion Oil's shares, trading under the symbol "BATL," will continue to be listed for now, but failure to comply by November 30, 2026, could result in delisting procedures. This notice does not immediately affect Battalion Oil's business operations or SEC reporting requirements. However, potential delisting could reduce the stock's liquidity and market price, and impair the company's ability to raise capital and offer equity incentives.
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