BIMINI CAPITAL MANAGEMENT, INC. (BMNM): M&A transaction — Bimini Capital closes $12.3M acquisition of 80% of Tom Johnson Investment Management

BIMINI CAPITAL MANAGEMENT, INC.

Purchase price $12.32M; $12M cash at close, $0.32M deferred at 5% annual interest due in 1 year.
TJIM has ~$1.63B AUM across equity and fixed income; management teams remain separate.
Seller retains 20% interest; Bimini gets call/put options after 3rd anniversary if EBITDA margin ≥30%.
TJIM principal seller Richard Parry enters new 3-year employment agreement; staff offered equity ownership.
Bimini to file TJIM financial statements and pro forma information by amendment within 71 days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. completed an acquisition involving Tom Johnson Investment Management, LLC for $12,318,492 (closed 2026-04-01).

Action: acquisition
Counterparty: Tom Johnson Investment Management, LLC
Consideration: $12,318,492
Closing: 2026-04-01

Exact text from the filing

interest in TJIM (the “Retained Interest”). The purchase price paid in the Transaction equaled 2.5 times 80% of TJIM’s revenue for the fiscal year ended December 31, 2025, or $12,318,492 (the “Purchase Price”). $12,000,000 of the Purchase Price was paid in cash at Closing, including $1,539,811.50 of such funds paid in escrow for the potential satisfaction of

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BIMINI CAPITAL MANAGEMENT, INC. filing history →

Source: SEC EDGAR

accession 0001437749-26-011136

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