美国
证券交易委员会
华盛顿特区20549

表格 8-K

现况报告

根据1934年证券交易法第13条或第15(d)条的规定

报告日期（最早报告事件的日期）：

2024年10月16日

奇美拉投资 公司ORATION
（依凭章程所载的完整登记名称）

委员会文件编号 001-33796

(888) 895-6557
申请人的电话号码，包括区域代码。

不适用
（前名称或地址，如自上次报告以来有更改）

如果这份8-K表格同时也满足登记公司遵循以下任何条款的申报义务，请勾选下面适当的方框：

☐ 根据证券法案（17 CFR 230.425）下第425条规定的书面通信

☐ 根据交易所法案（17 CFR 240.14a-12）第14a-12条进行招股资料请求

☐ 根据交易所法14d-2(b)条款（17 CFR 240.14d-2 (b)）的规定，交易所法之前的通信

☐ 根据交易所法案第13e-4(c)条规定的开工前通信（17 CFR 240.13e-4(c)）

根据《证券法》第12(b)条注册的证券：

请标示勾选，以示注册人是否为《证券法》1933年规则405或《证券交易法》1934年规则1202定义之新兴成长型公司。

新兴成长型公司 ☐

如果是新兴成长公司，请打勾表示该登记申请人已选择不使用延长过渡期以符合根据证券交易所法第 13(a) 条所提供的任何新的或修改后的财务会计准则。 ☐

根据第8.01项所披露的内容，现在参考此处。

2024年10月17日，马里兰州的奇美拉投资公司（“公司”）发布新闻稿，宣布已就购买协议（如第8.01条所定义）达成一致。同一天，公司将投资者简报资讯放在其网站（www.chimerareit.com）的新闻和活动-新闻发布部分中，关于购买协议。本报告书第8-k表格上的每一份新闻稿和投资者简报副本作为附件99.1和99.2分别附在此并参照结合于此。

本新闻稿和投资者介绍根据第7.01条提供，其中包含的信息不应被视为根据1934年修订版的《证券交易法》第18条的"申报"，也不应被视为在1933年修订版《证券法》或《交易法》下任何申报中通过具体参考明确规定从而被纳入。

2024年10月16日，公司与Chimera Funding TRS LLC（下称“买方实体1”），以及CIm Advisory Holding TRS LLC（下称“买方实体2”和“买方实体1”总称“买方实体”），以及Palisades Holdings II, LLC（下称“卖方”）签订了一项股权购买协议（下称“购买协议”）。

根据购买协议中约定的条款和条件，买方实体将从卖方购买（"收购"）(i)Palisades Advisory Services, LLC（德拉瓦有限责任公司）（"Palisades Advisory Services"），(ii)Palisades Technology Holdings, LLC（德拉瓦有限责任公司）（"Palisades Technology Holdings"）和(iii)The Palisades Group, LLC（"RIA子公司"，连同Palisades Advisory Services和Palisades Technology Holdings合称"目标公司"，以及与目标公司的附属公司合称"Palisades Group"），将全部已发行和未登记的股权购买，采取30,000,000美元的预付购买价格于结业日（"结业日期"）当日（"考虑"），凭借对现金、负债、净营运资本和交易费用的惯例调整。

若The Palisades Group第三方交易资产和管理业务指定合同所得营业收入达到特定目标，购买价或可另增高高达额外$20,000,000的考量，作为分期支付的一部份（「分期付款」）。如果有任何分期付款，将根据公司从指定合同所得营业收入而得罪的五个度量期间支付，始于收购日期及至2029年12月31日，并受最低营业收入门槛限制。如果公司从指定合同在这些期间总共至少获得$100,000,000的营业收入，卖方将在五个度量期间内支付最高$20,000,000的分期付款。在公司选择下，最高50%的任何分期付款可以以发行公司每股名义价值$0.01的普通股（「公司普通股」）来还清，按照纽约证券交易所上市公司普通股30天成交量加权平均价计算，该价格是指就要支付日期前一个工作日上市的公司普通股。用于支付任何分期付款的任何公司普通股将受到一年的封锁期。此外，The Palisades Group某些同时是The Palisades Group持股人的员工，并将在收购后成为公司员工，将需要在二级市场购买公司普通股，金额至少相当于该等员工预计接受的税后赔偿金额的25%。

Following the Closing, Seller will retain ownership of the general partners or sub-advisor, as applicable, of the existing funds of The Palisades Group, including the right to existing carried interest or incentive fees, as applicable, and one of the Company’s subsidiaries will act as a non-member manager for such general partners and sub-advisor.

Simultaneously with the execution of the Purchase Agreement, the Company and Jack L. Macdowell, Jr., co-founder and Chief Investment Officer of The Palisades Group, entered into an employment agreement on substantially the same terms as other executive officers of the Company, other than his base salary and target incentive compensation amounts (the “Employment Agreement”). In addition, pursuant to the Employment Agreement, Mr. Macdowell is required to relocate to the New York City metro area within three months of the Closing. Pursuant to the Employment Agreement, contingent and effective upon the Closing, Mr. Macdowell will commence employment with the Company as Chief Investment Officer.

On October 16, 2024, the Board of Directors of the Company appointed Dan Thakkar as Chief Credit & Risk Officer of the Company, contingent and effective upon the Closing.

The Acquisition is expected to be financed using the Company’s existing balance sheet resources.

The Acquisition is expected to close in the fourth quarter of 2024, subject to the satisfaction of customary closing conditions.

The Purchase Agreement contains customary termination rights for the Company and Seller, including in the event the Acquisition is not consummated on or before January 31, 2025. The Purchase Agreement also contains customary representations, warranties, covenants and indemnification provisions. The Palisades Group is required, among other things, to conduct its business in the ordinary course consistent with past practice during the interim period between the execution of the Purchase Agreement and the Closing, subject to certain exceptions.

The above description of the Purchase Agreement has been included to provide investors with information regarding certain terms of the Purchase Agreement and is not intended to provide any other factual information about the Company or The Palisades Group.

Exhibit

Forward Looking Statements

This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including as related to the expected timing of the closing of the Company’s acquisition of The Palisades Group and the expected impact (including as related to the Company’s future earnings) of the transaction. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “goals,” “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption “Risk Factors.” Factors that could cause actual results to differ include, but are not limited to: delays and/or unforeseen events that could cause the proposed acquisition of The Palisades Group to be delayed or not consummated; the potential that the Company may not fully realize the expected benefits of the acquisition of The Palisades Group, including the potential financial impact; our business and investment strategy; our ability to accurately forecast the payment of future dividends on our common and preferred stock, and the amount of such dividends; our ability to determine accurately the fair market value of our assets; availability of investment opportunities in real estate-related and other securities, including our valuation of

potential opportunities that may arise as a result of current and future market dislocations; our expected investments; changes in the value of our investments, including negative changes resulting in margin calls related to the financing of our assets; changes in inflation, interest rates and mortgage prepayment rates; prepayments of the mortgage and other loans underlying our mortgage-backed securities, or MBS, or other asset-backed securities, or ABS; rates of default, forbearance, deferred payments, delinquencies or decreased recovery rates on our investments; general volatility of the securities markets in which we invest; our ability to maintain existing financing arrangements and our ability to obtain future financing arrangements; our ability to effect our strategy to securitize residential mortgage loans; interest rate mismatches between our investments and our borrowings used to finance such purchases; effects of interest rate caps on our adjustable-rate investments; the degree to which our hedging strategies may or may not protect us from interest rate volatility; the impact of and changes to various government programs; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; market trends in our industry, interest rates, the debt securities markets or the general economy; estimates relating to our ability to make distributions to our stockholders in the future; our understanding of our competition; our ability to find and retain qualified personnel; our ability to maintain our classification as a real estate investment trust, or REIT, for U.S. federal income tax purposes; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our expectations regarding materiality or significance; and the effectiveness of our disclosure controls and procedures.

Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these, and other risk factors, is contained in the Company’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning the Company or matters attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.