---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037399"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2025-12-10T23:59:59+00:00"
generated_at: "2026-05-16T13:37:26.635940+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital extends poison pill to 2030, raises purchase price to $10.20 to protect NOLs

## Summary
- Rights plan expiration extended five years to December 21, 2030.
- Purchase price per right increased from $4.76 to $10.20.
- Aims to protect ~$253.9M in net operating loss carryforwards under Section 382.
- Amendment subject to stockholder approval at 2026 annual meeting; terminates if not approved by June 30, 2026.

## SEC filing metadata
- accession: 0001437749-25-037399
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2025-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774925037399/0001437749-25-037399-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774925037399/bcmi20251208_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037399
- JSON: https://secwatch.observer/filing/0001437749-25-037399.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037399.txt

## Key facts
- Equity Issuances
  BIMINI CAPITAL MANAGEMENT, INC. issued unit.
  - Security: unit
  source text: The First Amendment extends the expiration date of the Rights (as defined in the Rights Agreement) until December 21, 2030. The First Amendment also increases the Purchase Price (as defined in the Rights Agreement) from $4.76 to $10.20.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000143774925037399/0001437749-25-037399-index.htm

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