Bimini Capital provides TJIM acquisition financials: purchase price $12.3M, pro forma net income $4.3M

BIMINI CAPITAL MANAGEMENT, INC.

TJIM 2025 revenue $6.16M, net income $1.67M, members' equity $608K at Dec 31, 2025.
Bimini sold $72.5M MBS and redeemed $69.9M repurchase agreements to fund the acquisition.
Preliminary purchase price allocation: $8.7M client relationships, $1M tradename, $3.8M goodwill.
Pro forma combined 2025 net income attributable to Bimini $4.3M vs Bimini historical $5.8M.
Noncontrolling interest of $3.08M reflects 20% retained by TJIM's President.

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