---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-001227"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2026-01-14T23:59:59+00:00"
generated_at: "2026-05-16T10:19:26.194329+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-001227
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2026-01-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774926001227/0001437749-26-001227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774926001227/bcmi20260113_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-001227
- JSON: https://secwatch.observer/filing/0001437749-26-001227.json
- Plain text: https://secwatch.observer/filing/0001437749-26-001227.txt

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