---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002343"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:39:57.860760+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BBX Capital closes acquisition of additional 40% stake in Altman Companies, gaining control

## Summary
- On Jan 31, 2023, BBXRE acquired an additional 40% equity interest in The Altman Companies for $8.1M (adjusted from $9.4M base).
- Deferred payment of $2.4M for remaining 10% interest; payment due by Nov 30, 2028 or upon termination of Mr. Altman's employment.
- BBXRE now controls all significant operating and financing decisions; Altman Companies will be consolidated effective Jan 31, 2023.
- Mr. Altman retains decision-making rights in managing member of pre-existing development joint ventures; those remain equity method.
- The acquisition is deemed not significant under SEC Rule 11-01(b).

## SEC filing metadata
- accession: 0001437749-23-002343
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814974/000143774923002343/0001437749-23-002343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000143774923002343/bbxi20230131b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002343
- JSON: https://secwatch.observer/filing/0001437749-23-002343.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002343.txt

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