secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2026-01-14T23:59:59+00:00
Accession:  0001437749-26-001227
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926001227/0001437749-26-001227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926001227/bcmi20260113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-001227

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