Barnwell Industries, Inc. Announces Appointment of Sean Wallace to Expand Strategic M&A Capabilities and Capital Markets Expertise (Form 8-K)

Barnwell Industries, Inc. Announces Appointment of Sean Wallace to Expand Strategic M&A Capabilities and Capital Markets Expertise

HOUSTON, TX / ACCESS Newswire / March 11, 2026 / Barnwell Industries, Inc. (NYSE American:BRN) ("Barnwell" or the "Company") today announced the appointment of Sean Wallace as a strategic advisor to enhance the Company's capabilities in mergers and acquisitions and broader corporate development initiatives. Mr. Wallace participated in Barnwell's November 2025 Private Placement.

Mr. Wallace brings more than 30 years of senior financial and corporate leadership experience, including extensive work in capital markets, strategic finance, and M&A. He has served in a series of high-impact executive roles across public and private companies, most recently as Chief Financial Officer and Executive Vice President at AST SpaceMobile, Inc. Prior to that, Mr. Wallace served as Chief Financial Officer, Treasurer, and Vice President at Cogent Communications, a global Tier 1 internet service provider. As CFO, he led capital raising, strategic evaluation, and financial planning efforts. Earlier in his career, he held senior roles at Standard Chartered Bank and co-headed Investment Banking at JPMorgan in the Asia Pacific region. Mr. Wallace is a graduate of Harvard College and Harvard Business School.

"We are thrilled to welcome Sean to Barnwell," said Philip Patman, Jr., Chief Financial Officer and Director of Barnwell Industries. "His proven track record in strategic finance and M&A brings an invaluable perspective as we pursue disciplined growth and value creation."

In his advisory role, Mr. Wallace will work with Barnwell's leadership team to assess and execute strategic opportunities, including potential mergers, acquisitions, divestitures, and other corporate development initiatives that align with the Company's long-term objectives.

"I am excited to be a part of the Barnwell opportunity. Barnwell's unique structure and shareholder base positions the company to identify and attract exciting growth companies, including those in Space, Telecommunications, Emerging Defense, Rare Earths, Reshoring and Energy. I look forward to working with the team to advance the portfolio of Barnwell," Wallace stated.

About Barnwell Industries, Inc.

Barnwell Industries, Inc. (NYSE American:BRN) is a diversified company with operations and interests in energy and related assets. The Company is focused on disciplined capital allocation, operational excellence, and high-return growth opportunities.