---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-229189"
form_type: "8-K"
ticker: "CIM"
cik: "0001409493"
company_name: "CHIMERA INVESTMENT CORP"
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:43:53.131543+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chimera completes acquisition of HomeXpress for $119.5M adjusted book value plus $120M premium and 2.08M shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-229189
- form_type: 8-K
- ticker: CIM
- cik: 0001409493
- company_name: CHIMERA INVESTMENT CORP
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409493/000119312525229189/0001193125-25-229189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409493/000119312525229189/d941384d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-229189
- JSON: https://secwatch.observer/filing/0001193125-25-229189.json
- Plain text: https://secwatch.observer/filing/0001193125-25-229189.txt

## Source-grounded claims
- claim_id: 1a9e2bb532a91b54b6e0e49e9ebb0ef2a85dabd8
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409493/000119312525229189/0001193125-25-229189-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.