---
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"
generated_at: "2026-10-12T16:37:35.689382+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Barnwell to sell Canadian oil and gas business for C$9M base price plus 5% royalty

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-038710
- JSON: https://secwatch.observer/filing/0001140361-26-038710.json
- Plain text: https://secwatch.observer/filing/0001140361-26-038710.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.