Alyeska Group takes 9.99% position in Battalion Oil (BATL)

Rhea-AI Filing Summary

BATTALION OIL CORP reports an ownership disclosure by Alyeska Investment Group and affiliates holding 1,872,282 shares of Common Stock, equal to 9.99% of the class as of 03/31/2026.

The position comprises 1,800,000 shares acquired in a private placement and 72,282 shares issuable upon exercise of pre-funded warrants. The pre-funded warrants are exercisable for 927,273 shares but include a 9.99% beneficial ownership limitation that permits exercise of only 72,282 warrant shares based on 18,741,563 shares outstanding (per the Form 424B3 Prospectus dated 04/02/2026).

Insights

Institutional Ownership Analyst

Alyeska disclosed a 9.99% stake limited by pre-funded warrant caps.

The filing shows a combined position of 1,872,282 shares (9.99%) held by Alyeska entities as of 03/31/2026, including a private placement and exercisable pre-funded warrants. The warrants total 927,273 shares but contain a contractual cap that prevents exercise beyond the 9.99% threshold.

Future incremental ownership depends on outstanding share count and any changes to the beneficial ownership limitation; subsequent filings would show if additional exercises occur or if the ownership cap is amended.

Securities Compliance Specialist

Disclosure follows Rule 13d-1(k) joint filing conventions and attributes voting power to the investment manager.

The statement attributes shared voting and dispositive power of 1,872,282 shares to Alyeska Investment Group, L.P., notes attribution to Alyeska Master Fund, L.P., and records a disclaimer by Anand Parekh. A joint filing clause is included for amendment responsibility.

Cash‑flow treatment of the private placement and warrant mechanics are described; any change to outstanding shares or warrant terms would alter exercisability under the 9.99% cap.

Key Figures

Beneficial ownership: 1,872,282 shares Percent of class: 9.99% Private placement shares: 1,800,000 shares +3 more

6 metrics

Beneficial ownership 1,872,282 shares as of 03/31/2026

Percent of class 9.99% based on 18,741,563 shares outstanding

Private placement shares 1,800,000 shares acquired in a private placement

Warrant shares issuable 72,282 shares issuable upon exercise of pre-funded warrants (exercisable given 9.99% limit)

Total pre-funded warrants 927,273 shares warrants exercisable in principal but subject to ownership cap

Shares outstanding (source) 18,741,563 shares per Form 424B3 Prospectus dated 04/02/2026

Key Terms

pre-funded warrants, beneficial ownership limitation, private placement, Rule 13d-1(k)

4 terms

pre-funded warrants financial

"issuable upon exercise of pre-funded warrants"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

beneficial ownership limitation regulatory

"warrants contain a beneficial ownership limitation that prohibits exercise"

A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.

private placement financial

"1,800,000 shares acquired in a private placement"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

Rule 13d-1(k) regulatory

"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BATTALION OIL CORP

(Name of Issuer)

Common Stock par value $0.0001

(Title of Class of Securities)

07134L107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 07134L107

1

Names of Reporting Persons

Alyeska Investment Group, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,872,282.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,872,282.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,872,282.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 07134L107

1

Names of Reporting Persons

Alyeska Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,872,282.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,872,282.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,872,282.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 07134L107

1

Names of Reporting Persons

Anand Parekh

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,872,282.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,872,282.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,872,282.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BATTALION OIL CORP
(b)	Address of issuer's principal executive offices: 820 Gessner Road, Suite 1100, Houston, TX 77024
Item 2.
(a)	Name of person filing: (i) Alyeska Investment Group, L.P. (ii) Alyeska Fund GP, LLC (iii) Anand Parekh
(b)	Address or principal business office or, if none, residence: (i) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (ii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (iii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601
(c)	Citizenship: (i) Alyeska Investment Group, L.P. - Delaware (ii) Alyeska Fund GP, LLC - Delaware (iii) Anand Parekh - United States of America
(d)	Title of class of securities: Common Stock par value $0.0001
(e)	CUSIP Number(s): 07134L107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,872,282
(b)	Percent of class: 9.99%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,872,282
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,872,282
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alyeska Investment Group, L.P.

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	05/15/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	05/15/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	05/15/2026

Exhibit Information

As of March 31, 2026, the Reporting Persons beneficially own 1,872,282 shares of Common Stock, consisting of (i) 1,800,000 shares acquired in a private placement and (ii) 72,282 shares issuable upon exercise of pre-funded warrants. The Reporting Persons hold pre-funded warrants exercisable for 927,273 shares; however, such warrants contain a beneficial ownership limitation that prohibits exercise to the extent it would cause the holder's beneficial ownership to exceed 9.99% of the outstanding Common Stock. Based on 18,741,563 shares of Common Stock outstanding (per the Form 424B3 Prospectus dated April 2, 2026), the 9.99% limitation permits exercise of only 72,282 warrant shares after giving effect to the 1,800,000 shares otherwise held. Position held by Alyeska Master Fund, L.P. Alyeska Investment Group, L.P., as investment manager, exercises voting and investment control over the shares held by Alyeska Master Fund, L.P. Anand Parekh, as Chief Executive Officer of Alyeska Investment Group, L.P., may be deemed the beneficial owner of such shares. Mr. Parekh disclaims beneficial ownership of such shares. JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

FAQ

What stake does Alyeska hold in Battalion Oil Corp (BATL)?

Alyeska beneficially owns 1,872,282 shares, equal to 9.99% of the class. This includes 1,800,000 shares from a private placement and 72,282 shares issuable upon exercise of pre-funded warrants as of 03/31/2026.

How many shares are issuable under Alyeska's pre-funded warrants?

Pre-funded warrants are exercisable for 927,273 shares overall. However, a 9.99% beneficial ownership limitation permits exercise of only 72,282 warrant shares given 18,741,563 shares outstanding per the 04/02/2026 prospectus.

What is the outstanding share count used to calculate the 9.99% cap?

The filing cites 18,741,563 shares outstanding. That figure is taken from the Form 424B3 Prospectus dated 04/02/2026 and is the basis for computing exercisable warrant shares under the 9.99% limitation.

Who exercises voting and investment control over these shares?

Alyeska Investment Group, L.P., as investment manager, exercises voting and investment control. The position is held by Alyeska Master Fund, L.P.; Anand Parekh is identified as CEO of the manager and disclaims beneficial ownership of the fund's shares.

Does the filing create a joint reporting arrangement?

Yes. The filing includes a joint filing statement under Rule 13d-1(k). The undersigned agree subsequent amendments will be filed on behalf of each and accept responsibility for timely and accurate amendment of their respective information.