secwatch.observer — SEC 8-K summary
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Issuer:     BARNWELL INDUSTRIES INC (BRN)
CIK:        0000010048
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001140361-26-003104
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10048/000114036126003104/0001140361-26-003104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10048/000114036126003104/ef20064492_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-003104

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