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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

BARNWELL INDUSTRIES INC entered into Rights Agreement with Broadridge Corporate Issuer Solutions, LLC valued at Dividend distribution of one Right per share of common stock, purchase price $7.00 per share. (effective 2026-01-30).

Action: entry
Counterparty: Broadridge Corporate Issuer Solutions, LLC
Value: Dividend distribution of one Right per share of common stock, purchase price $7.00 per share.
Effective: 2026-01-30

Exact text from the filing

The description and complete terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”), dated as of January 30, 2026, between the Company and

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BARNWELL INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001140361-26-003104

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