Barnwell Industries' sale of Water Resources International terminated by buyer West Maui Construction

BARNWELL INDUSTRIES INC

West Maui Construction terminated the Stock Purchase Agreement on Dec 27, 2023, exercising its sole-discretion due diligence right.
The agreement had been entered on Dec 12, 2023, for the sale of all shares of Water Resources International, Inc.
Termination leaves Barnwell without the expected proceeds from the divestiture.

item 1.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BARNWELL INDUSTRIES INC terminated Stock Purchase Agreement with West Maui Construction Inc. (effective 2023-12-27).

Action: termination
Agreement: asset purchase
Counterparty: West Maui Construction Inc.
Effective: 2023-12-27

Exact text from the filing

On December 27, 2023, the law firm representing West Maui sent, on behalf of West Maui, a notice that West Maui had terminated the Purchase Agreement

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Source: SEC EDGAR

accession 0001140361-24-000447

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