CHIMERA INVESTMENT CORP (CIM): M&A transaction — Chimera completes acquisition of HomeXpress for $119.5M adjusted book value plus $120M premium and 2.08M shares

CHIMERA INVESTMENT CORP

Total consideration: $119.5M adjusted book value, $120M cash premium, and 2,077,151 shares of CIM common stock.
HomeXpress becomes indirect wholly-owned subsidiary; President/CEO Kyle Walker continues in role.
HomeXpress 2024 net income $33.5M on revenue $114.3M, up from $6.0M net income on $58.1M revenue in 2023.
Cash portion funded from cash on hand; inducement award plan adopted reserving 540,000 shares for new employees.
Pro forma financial statements and audited HomeXpress financials filed as exhibits.

item 2.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CHIMERA INVESTMENT CORP completed an acquisition involving HomeXpress Mortgage Corp. for $119.5 million, representing the estimated Adjusted Book Value ... the cash premium of $120 million, and the issuance of 2,077,151 shares of Chimera's common st (closed 2025-10-01).

Action: acquisition
Counterparty: HomeXpress Mortgage Corp.
Consideration: $119.5 million, representing the estimated Adjusted Book Value ... the cash premium of $120 million, and the issuance of 2,077,151 shares of Chimera's common st
Closing: 2025-10-01

Exact text from the filing

acquired from the Management Sellers to HX Holdco so that HomeXpress will be a wholly-owned subsidiary of HX Holdco. The total consideration for the Acquisition consisted of (i) $119.5 million, representing the estimated Adjusted Book Value (as defined in the Stock Purchase Agreement) as of August 31, 2025, subject to certain post-closing adjustments to true-up for the

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Source: SEC EDGAR

accession 0001193125-25-229189

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