Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 74

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 74
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 to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Exchange Act. The timing, manner, price and amount of any repurchases will be determined at the 

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Company's discretion and the program may be suspended, terminated or modified at any time, for any reason. Among other factors, the Company intends to only consider repurchasing shares of its common stock when the purchase price is less than the last publicly reported book value per common share. In addition, the Company does not intend to repurchase any shares from directors, officers or other affiliates. The program does not obligate the Company to acquire any specific number of shares, and all repurchases will be made in accordance with Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of stock repurchases.

The Company did not repurchase any of its common stock during the quarters and six months ended June 30, 2025.

Item 3.  Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Amendment to Stock Purchase Agreement

As previously disclosed on our Current Report on Form 8-K filed with the SEC on June 12, 2025 (as amended by the Form 8-K/A filed with the SEC on June 13, 2025), on June 11, 2025, we entered into a Stock Purchase Agreement (the “Original Stock Purchase Agreement”) to acquire (through our wholly-owned subsidiary Chimera Funding TRS, LLC), directly or indirectly, HomeXpress. As part of the consideration in respect thereof, we have agreed to issue 2,077,151 shares (the “Shares”) of our common stock to the Sellers (as defined in the Original Stock Purchase Agreement) upon the closing of the acquisition (the “Closing”). At the time, we expected to file with the SEC a registration statement on Form S-4 to cover the issuance of the common stock portion of the purchase price.

On August 5, 2025, we and the Sellers entered into a First Amendment (the “Amendment”) to the Original Stock Purchase Agreement (the Original Stock Purchase Agreement, as amended by the Amendment, is referred to herein as the “Stock Purchase Agreement”). The Amendment, among other things, removes our obligation to file  a registration statement on Form S-4 to register the offer and sale of the Shares as contemplated in the Original Stock Purchase Agreement. Instead,