secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K/A
Filed at:   2026-06-17T12:45:12+00:00
Accession:  0001437749-26-020862
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926020862/0001437749-26-020862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926020862/bcmi20260522_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-020862

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