secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001193125-25-229189
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000119312525229189/0001193125-25-229189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000119312525229189/d941384d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-229189

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