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Note 9 - Common Stock
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Equity [Text Block]

NOTE 9. COMMON STOCK

 

There were no issuances of Bimini Capital's Class A Common Stock, Class B Common Stock or Class C Common Stock during the six months ended June 30, 2026 and 2025.

 

Stock Repurchase Plans

 

On March 12, 2026, the Board authorized a share repurchase plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934 (the “2026 Repurchase Plan”). Pursuant to the 2026 Repurchase Plan, the Company can purchase shares of its Class A Common Stock from time to time for an aggregate purchase price not to exceed $2.5 million. Share repurchases can be executed through various means, including, without limitation, open market transactions. The 2026 Repurchase Plan does not obligate the Company to purchase any shares. During the three months ended June 30, 2026, the Company repurchased 15,201 shares under the 2026 Repurchase Plan at an average price of $2.64 per share. Subsequent to  June 30, 2026, the Company repurchased 1,984 shares under the 2026 Repurchase Plan at an average price of $ 2.33 per share.