On March 11, 2026, Barnwell Industries, Inc. (NYSE American: BRN) announced the appointment of Sean Wallace as a strategic advisor to bolster the company's capabilities in mergers and acquisitions (M&A) and corporate development initiatives. This strategic move is expected to enhance Barnwell's operational execution and overall strategy outlook, as Wallace brings over 30 years of senior financial and corporate leadership experience to the role. His previous experience includes serving as Chief Financial Officer and Executive Vice President at AST SpaceMobile, Inc., and as Chief Financial Officer at Cogent Communications. Wallace's extensive background in capital markets and strategic finance is anticipated to provide valuable insights as Barnwell pursues disciplined growth and value creation. Philip Patman, Jr., Chief Financial Officer and Director of Barnwell Industries, expressed enthusiasm about Wallace's appointment, highlighting his proven track record in strategic finance and M&A. In his advisory role, Wallace will collaborate with Barnwell's leadership team to assess and execute strategic opportunities, including potential mergers, acquisitions, and divestitures that align with the company's long-term objectives. This appointment is seen as a positive development for Barnwell, potentially leading to noticeable improvements in the company's market position and financial performance.

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