Bimini Capital to buy 80% of TJIM at 2.5x 80% of FY2025 revenue; ~$1.6B AUM

BIMINI CAPITAL MANAGEMENT, INC.

Purchase price = 2.5x 80% of TJIM FY2025 revenue; excess over $12M paid in three annual installments at 5% interest.
TJIM has ~$1.6B AUM across equity and fixed income; closing expected end of Q1 2026.
Bimini to retain TJIM staff/management; principal seller signs 3-year employment agreement.
Seller retains 20% interest; put/call options after 3rd anniversary using same price formula, subject to 30% EBITDA margin.

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