0001140361-23-058475.txt : 20231219
0001140361-23-058475.hdr.sgml : 20231219
20231219180054
ACCESSION NUMBER: 0001140361-23-058475
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231215
FILED AS OF DATE: 20231219
DATE AS OF CHANGE: 20231219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gen IV Investment Opportunities, LLC
CENTRAL INDEX KEY: 0001697367
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35467
FILM NUMBER: 231498765
BUSINESS ADDRESS:
STREET 1: 1700 BROADWAY
STREET 2: 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 7328675858
MAIL ADDRESS:
STREET 1: 1700 BROADWAY
STREET 2: 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LSP Generation IV, LLC
CENTRAL INDEX KEY: 0001730248
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35467
FILM NUMBER: 231498764
BUSINESS ADDRESS:
STREET 1: 1700 BROADWAY
STREET 2: FLOOR 35
CITY: NEW YORK
STATE: X1
ZIP: 10019
BUSINESS PHONE: 2126153456
MAIL ADDRESS:
STREET 1: 1700 BROADWAY
STREET 2: FLOOR 35
CITY: NEW YORK
STATE: X1
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LSP Investment Advisors, LLC
CENTRAL INDEX KEY: 0001728850
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35467
FILM NUMBER: 231498763
BUSINESS ADDRESS:
STREET 1: 1700 BROADWAY
STREET 2: FL. 35
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 2126153546
MAIL ADDRESS:
STREET 1: 1700 BROADWAY
STREET 2: FL. 35
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BATTALION OIL CORP
CENTRAL INDEX KEY: 0001282648
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 200700684
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 820 GESSNER ROAD
STREET 2: SUITE 1100
CITY: HOUSTON
STATE: TX
ZIP: 77024
BUSINESS PHONE: 832-538-0300
MAIL ADDRESS:
STREET 1: 820 GESSNER ROAD
STREET 2: SUITE 1100
CITY: HOUSTON
STATE: TX
ZIP: 77024
FORMER COMPANY:
FORMER CONFORMED NAME: HALCON RESOURCES CORP
DATE OF NAME CHANGE: 20120209
FORMER COMPANY:
FORMER CONFORMED NAME: RAM ENERGY RESOURCES INC
DATE OF NAME CHANGE: 20060518
FORMER COMPANY:
FORMER CONFORMED NAME: TREMISIS ENERGY ACQUISITION CORP
DATE OF NAME CHANGE: 20040304
4
1
form4.xml
X0508
4
2023-12-15
0001282648
BATTALION OIL CORP
BATL
0001697367
Gen IV Investment Opportunities, LLC
1700 BROADWAY
35TH FLOOR
NEW YORK
NY
10019
true
0001730248
LSP Generation IV, LLC
1700 BROADWAY
35TH FLOOR
NEW YORK
NY
10019
true
0001728850
LSP Investment Advisors, LLC
1700 BROADWAY
35TH FLOOR
NEW YORK
NY
10019
true
false
Series A-2 Redeemable Convertible Preferred Stock
2023-12-15
4
A
0
6630
A
Common Stock
6630
D
This Form 4 is jointly filed by Gen IV Investment Opportunities, LLC ("Gen IV"), a Delaware limited liability company, LSP Generation IV, LLC ("LSP Gen IV"), a Delaware limited liability company, and LSP Investment Advisors, LLC ("LSP Advisors"), a Delaware limited liability company. LSP Gen IV, as the managing member of Gen IV, has the power to direct the affairs of Gen IV, including voting and disposing of the shares. LSP Advisors, as the investment manager of Gen IV, also has the power to direct the voting and disposition of the shares held by Gen IV. For Section 16 purposes, LSP Gen IV and LSP Advisors disclaim beneficial ownership over the shares reported herein, except to the extent of their pecuniary interest therein.
Pursuant to a Purchase Agreement dated as of December 15, 2023 (the "Series A-2 Purchase Agreement"), on December 15, 2023 (the "Issuance Date"), Gen IV acquired from the Issuer 6,630 shares of Series A-2 Redeemable Convertible Preferred Stock of the Issuer, par value $0.0001 per share ("Series A-2 Preferred Shares") convertible into shares of Common Stock for an aggregate purchase price of approximately $6.5 million.
Pursuant to the Certificate of Designations contemplated by the Series A-2 Purchase Agreement (the "Series A-2 Certificate of Designations"), the conversion price of the Series A-2 Preferred Shares is $6.21 per share and is subject to adjustment for stock splits, combinations, certain distributions or similar events in accordance with the terms of the Series A-2 Certificate of Designations.
Subject to the terms and conditions of the Series A-2 Certificate of Designations, commencing on April 13, 2024, all or any portion of the Series A-2 Preferred Shares may be converted by Gen IV at any time into Common Stock at the Conversion Ratio. The "Conversion Ratio", for each Series A-2 Preferred Share is the quotient of (i) the then-applicable liquidation preference (as determined in accordance with the Series A-2 Certificate of Designations) and (ii) the then-applicable conversion price.
The Series A-2 Preferred Shares have no expiration date. If based on the Issuer's financial statements for any fiscal quarter and a reserve report as of the same date, as of such date: (x) the PDP PV-20 value (as determined in accordance with the Series A-1 Certificate of Designations) divided by (y) the number of outstanding shares of Common Stock, calculated on a fully diluted basis is equal to or exceeds 130% of the Conversion Price, then the Issuer may, from time to time until such time that the foregoing conditions are no longer satisfied or a Material Adverse Effect (as defined in the Series A-2 Purchase Agreement) has occurred since the date of the most financial statements that met the foregoing conditions, cause the conversion of all or any portion of the Series A-2 Preferred Shares into Common Stock using the then-applicable Conversion Ratio.
The Series A-2 Preferred Shares are also subject to redemption by the Issuer at any time following the Issuance Date in accordance with the terms of the Series A-2 Certificate of Designations. In the event of a change of control transaction, the Series A-2 Preferred Shares are subject to redemption or conversion in accordance with the terms of the Series A-2 Certificate of Designations.
Gen IV Investment Opportunities, LLC
By: /s/ Jeff Wade
Name: Jeff Wade
Title: Chief Compliance Officer
2023-12-19
LSP Generation IV, LLC
By: /s/ Jeff Wade
Name: Jeff Wade
Title: Chief Compliance Officer
2023-12-19
LSP Investment Advisors, LLC
By: /s/ Jeff Wade
Name: Jeff Wade
Title: Chief Compliance Officer and Associate General Counsel
2023-12-19