Bimini Capital Management, Inc. (OTCQX:BMNM) announced the successful completion of its acquisition of 80% of the fully diluted equity interests of Tom Johnson Investment Management, LLC (TJIM) on April 1, 2026. The transaction, valued at $12,318,492, was executed through Bimini Advisors Holdings, LLC, a wholly owned subsidiary of Bimini Capital. The purchase price was determined based on 2.5 times 80% of TJIM's revenue for the fiscal year ending December 31, 2025. At closing, $12 million was paid in cash, with an additional $318,492 payable on the first anniversary of the closing, subject to interest and potential adjustments. Following the acquisition, Richard's Trust retained a 20% equity interest in TJIM, which may be subject to a buyout under certain conditions. This strategic acquisition is expected to enhance Bimini's position as a pure asset management firm, leveraging TJIM's approximately $1.63 billion in assets under management across various markets. The deal is anticipated to provide TJIM with access to Bimini's management expertise, capital markets capabilities, and increased name recognition. The leadership of both firms will remain intact, ensuring continuity in asset management responsibilities. This acquisition aligns with Bimini's strategy to expand its asset management capabilities and enhance shareholder value.

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