Barnwell Industries enters ATM equity facility with Roth Capital for up to $50M; initial limit $3.2M

BARNWELL INDUSTRIES INC

Entered Sales Agreement with Roth Capital Partners for at-the-market offering of common stock up to $50M aggregate.
Near-term offering limited to $3.2M gross proceeds due to public float restrictions per Form S-3 Instruction I.B.6.
Agent commission of 2.5% of gross proceeds; sales at prevailing market prices.
Company not obligated to sell; agreement includes customary representations and indemnification.
Shares offered under existing effective shelf registration statement filed January 2026.

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