Chimera acquires HomeXpress Mortgage Corp. for $120M cash plus stock

CHIMERA INVESTMENT CORP

Acquires all Capital Stock of HX Holdco Corp. and Management Held Company Stock from Seer Capital and management sellers.
Total consideration: $120M cash premium plus Buyer Stock (adjusted book value formula per Exhibit A).
Key Employee Kyle Walker enters employment agreement contingent on closing.
Adjustment escrow of $2.5M and indemnity holdback provisions included.
Transaction expected to close subject to regulatory approvals and conditions.

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