---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-043421"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2025-11-26T23:59:59+00:00"
generated_at: "2026-05-16T16:21:49.610441+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries raises $2.4M via PIPE at $1.10/share; appoints new director

## Summary
- Raised ~$2.4M by selling 2.2M shares at $1.10 each in a private placement led by Bradley Radoff.
- Certain purchasers receive warrants to buy one share per two shares at $1.65; exercisable in 180 days for 3 years.
- Closing expected Nov 28, 2025; proceeds for general corporate purposes as company exits water well drilling.
- After closing, Joshua Schechter will join the board as nominee of lead investor Radoff.
- Company plans to file a resale registration statement within 45 days post-closing.

## SEC filing metadata
- accession: 0001140361-25-043421
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2025-11-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036125043421/0001140361-25-043421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036125043421/ef20060056_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-043421
- JSON: https://secwatch.observer/filing/0001140361-25-043421.json
- Plain text: https://secwatch.observer/filing/0001140361-25-043421.txt

## Key facts
- Equity Issuances
  BARNWELL INDUSTRIES INC issued up to 1,029,104 shares of warrant to certain investors for exercise price of $1.65 per share.
  - Security: warrant
  - Shares: up to 1,029,104 shares
  - Purchaser: certain investors
  - Consideration: exercise price of $1.65 per share
  source text: any Common Warrants. The price of the shares of Common Stock sold in the private placement was $1.10 per share of Common Stock. The Common Warrants have an exercise price of $1.65 per share (the “Exercise Price”), can be exercised starting one hundred eighty (180) days following the date of closing of the Offering (the “Initial Exercise Date”) and will be
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036125043421/0001140361-25-043421-index.htm
- Equity Issuances
  BARNWELL INDUSTRIES INC issued 2,221,141 shares of common stock to certain investors including certain directors for $1.10 per share.
  - Security: common stock
  - Shares: 2,221,141 shares
  - Purchaser: certain investors including certain directors
  - Consideration: $1.10 per share
  source text: as Purchasers in the Offering and certain other Purchasers will not receive any Common Warrants. The price of the shares of Common Stock sold in the private placement was $1.10 per share of Common Stock. The Common Warrants have an exercise price of $1.65 per share (the “Exercise Price”), can be exercised starting one hundred eighty (180) days following
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036125043421/0001140361-25-043421-index.htm
- Material Agreements
  BARNWELL INDUSTRIES INC entered into Purchase Agreement with certain investors (the "Purchasers"), including certain directors of the board of directors of the Company valued at approximately $2,443,255 (effective 2025-11-24).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors (the "Purchasers"), including certain directors of the board of directors of the Company
  - Value: approximately $2,443,255
  - Effective: 2025-11-24
  source text: On November 24, 2025, Barnwell Industries, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), including certain directors of the board of directors of the Company pursuant to which the Company agreed to issue and sell an aggregate of: (i) 2,221,141 shares of its common stock, par value $0.50 per share (the “Common Stock”), and (ii) warrants (the “Common Warrants”) to purchase up to 1,029,104 shares of Common Stock (the “Warrant Shares”) in a private placement offering of the Company’s securities (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036125043421/0001140361-25-043421-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.