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.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BARNWELL INDUSTRIES INC entered into Sales Agreement with Roth Capital Partners, LLC valued at $50,000,000 (effective 2026-02-25).

Action: entry
Agreement: atm program
Counterparty: Roth Capital Partners, LLC
Value: $50,000,000
Effective: 2026-02-25

Exact text from the filing

On February 25, 2026, Barnwell Industries, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (the “Agent”), under which the Company may, from time to time, sell shares of the Company’s common stock having an aggregate offering price of up to $50,000,000 in “at the market” offerings through or to the Agent, as sales agent.

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Source: SEC EDGAR

accession 0001140361-26-006784

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