PERMIAN BASIN ROYALTY TRUST 8K

Permian Basin Royalty Trust disclosed that unitholder SoftVest and Blackbeard Holdings agreed to propose combining Trust assets with Blackbeard’s mineral interests into a new public company, PBT Land and Minerals, Inc., subject to unitholder approval and related SEC registrations.

On July 28, 2026, Argent Trust Company, as trustee of Permian Basin Royalty Trust, announced it had been informed that SoftVest, L.P., a significant unitholder, and its affiliates entered into a definitive Combination Agreement with Blackbeard Holdings, LLC and its affiliates to propose combining the Trust’s assets with Blackbeard’s oil and natural gas mineral interests and land operations to form a new publicly traded corporation, PBT Land and Minerals, Inc. (“New PBT”). Completion of the proposed transaction will require approval by Trust unitholders at a special meeting that SoftVest and other unitholders holding over 15% of the Trust units have requested the Trustee to call. New PBT has indicated it intends to file a Form S-4 registration statement containing a proxy statement/prospectus for the special meeting and a Form S-1 registration statement for a rights offering of New PBT shares to Trust unitholders. The Trust and its Trustee are not parties to the Combination Agreement, are not soliciting proxies, are not offering securities, and are making no recommendation to unitholders, emphasizing that the press release is solely to provide information while directing investors to review New PBT’s and SoftVest’s SEC filings when available.

Filing Facts

CIK

319654

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-323159

Alert Tier

7