---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-323159"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2026-07-29T17:48:56+00:00"
generated_at: "2026-07-29T17:50:07.207121+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoftVest and Blackbeard propose combining Permian Basin Royalty Trust assets into new public corp

## Summary
- SoftVest and Blackbeard entered definitive Combination Agreement to combine Trust assets and Blackbeard's mineral interests into New PBT.
- Completion requires Trust unitholders' vote; SoftVest and others holding >15% of units requested special meeting.
- New PBT plans to file Form S-4 (proxy/prospectus) and Form S-1 (rights offering) with SEC; Trustee makes no recommendation.
- No deal value or premium disclosed; Trustee is not a party to the agreement.

## SEC filing metadata
- accession: 0001193125-26-323159
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2026-07-29T17:48:56+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312526323159/0001193125-26-323159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312526323159/2026_pbt_8-k_sftvst_bbo_.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-323159
- JSON: https://secwatch.observer/filing/0001193125-26-323159.json
- Plain text: https://secwatch.observer/filing/0001193125-26-323159.txt

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