Battalion Oil Corporation
40.82%
12,437,521
1282648
May 12, 2026
May 15, 2026, 04:30 PM
Reporting Persons (10)
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 | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Oaktree Fund GP, LLC | Other | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Oaktree Fund GP I, L.P. | Partnership | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Oaktree Capital I, L.P. | Partnership | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Brookfield OCM Holdings II, LLC | Other | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Brookfield OCM Holdings, LLC | Other | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Brookfield Oaktree Holdings, LLC | Other | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Oaktree Capital Group Holdings GP, LLC | Other | 40.82% | 12,437,521 | 0 | 12,437,521 |
| Brookfield Corporation | Other | 0.00% | 0 | 0 | 0 |
| BAM Partners Trust | Other | 0.00% | 0 | 0 | 0 |
Disclosure Items (3)
Common Stock, $0.0001 par value per share
Battalion Oil Corporation
820 Gessner Road, Houston, TX, 77024
Item 2(e) is hereby amended and restated in its entirety as follows: On September 25, 2024, the SEC accepted an offer by Oaktree Capital Management L.P., an affiliate of the Reporting Persons, to resolve an investigation involving Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rules 13d-2 and 16a-3 thereunder, which require certain investors that beneficially own the registered equity securities of a public company to file reports with the SEC of their beneficial ownership in the equity of the company, including changes in their beneficial ownership, within specified timeframes. Oaktree Capital Management L.P. cooperated immediately and fully with the SEC's investigation, and, without admitting or denying the SEC's findings, in a settled proceeding agreed to cease and desist from committing or causing any violations and any future violations of Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-2 and 16a-3 thereunder and to pay a $375,000 penalty.
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 8,446,746 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 1,180,359, 1,981,179, 2,622,685, 1,303,401 and 1,359,122 shares of Common Stock, respectively. 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. 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.
Item 5(e) of the Schedule 13D is hereby amended and restated as follows: Brookfield and BAM Partnership, which previously reported together with OCM HLCN, GP, GP I, Capital I, Holdings II, Holdings, BOH and OCGH GP (the "Oaktree Parties") have been determined to no longer act together with the Oaktree Parties, and therefore have ceased to be the beneficial owner of more than five percent of the securities covered by this Schedule 13D.