{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-038710","form_type":"8-K","ticker":"BRN","cik":"0000010048","company_name":"BARNWELL INDUSTRIES INC","filed_at":"2026-10-06T10:30:32+00:00","discovered_at":"2026-10-06T10:35:00.298663+00:00","generated_at":"2026-10-12T16:37:35.689382+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Barnwell to sell Canadian oil and gas business for C$9M base price plus 5% royalty","bullets":["Base purchase price is C$9,000,000: C$4,000,000 cash plus a 5% gross overriding royalty valued at C$5,000,000, subject to working capital and indebtedness adjustments.","Buyer affiliate may call the 5% royalty anytime after closing for C$5,000,000, with no reduction for royalties already paid to Barnwell.","Purchaser 2798913 Alberta Ltd. paid a C$1,000,000 escrow deposit credited to the price at closing; termination fee is C$500,000.","Closing requires majority stockholder approval under DGCL Section 271 and is required by an outside date of January 18, 2027.","Barnwell separately announced termination of its defined benefit pension plan; reps and warranties survive 12 months with a C$2,000,000 indemnity deductible."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-038710","json":"https://secwatch.observer/filing/0001140361-26-038710.json","markdown":"https://secwatch.observer/filing/0001140361-26-038710.md","text":"https://secwatch.observer/filing/0001140361-26-038710.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10048/000114036126038710/0001140361-26-038710-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10048/000114036126038710/ef20083263_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:37:35.689382+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}