Barnwell Industries adopts poison pill with 20% trigger, $7 exercise, expiring July 29, 2026

BARNWELL INDUSTRIES INC

One Right per share issued to holders of record Feb 13, 2026; exercise price $7.00 per share.
Rights become exercisable if a person acquires 20% or more of outstanding common stock (trigger).
Upon trigger, each Right (except acquiring person's) allows purchase of shares at half market value.
Rights expire July 29, 2026; prior rights plan expired Jan 26, 2026.
Board may redeem Rights at $0.001 per share before trigger, or exchange for common stock after trigger.

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