---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-011136"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:48:21.760260+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital closes $12.3M acquisition of 80% of Tom Johnson Investment Management

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-011136
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774926011136/0001437749-26-011136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774926011136/bcmi20260402c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-011136
- JSON: https://secwatch.observer/filing/0001437749-26-011136.json
- Plain text: https://secwatch.observer/filing/0001437749-26-011136.txt

## Source-grounded claims
- claim_id: 8eb663f3e8de8c0baf60067ca548a5150247c6ed
  claim: BIMINI CAPITAL MANAGEMENT, INC. completed an acquisition involving Tom Johnson Investment Management, LLC for $12,318,492 (closed 2026-04-01).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000143774926011136/0001437749-26-011136-index.htm

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