secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001437749-26-011136
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926011136/0001437749-26-011136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926011136/bcmi20260402c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-011136

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