BIMINI CAPITAL MANAGEMENT, INC.

ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD ON JUNE 9, 2026

This proxy statement is furnished in connection with the solicitation of proxies by the Board of Directors (the “Board of Directors” or the “Board”) of Bimini Capital Management, Inc., a Maryland corporation, for use at our 2026 Annual Meeting of Stockholders (the “Annual Meeting” or the "Meeting") to be held on June 9, 2026, at 8:00 a.m. Eastern Time at the principal executive office of Bimini Capital Management, Inc., 3305 Flamingo Drive, Vero Beach, Florida 32963, and for the purposes set forth in the accompanying Notice of Annual Meeting of Stockholders, and at any adjournment or postponement of the Annual Meeting. Unless the context requires otherwise, references in this proxy statement to “BMNM,” “Bimini,” “our company,” “we,” “us” and the “Company” refer to Bimini Capital Management, Inc.

This proxy statement, the accompanying proxy card and our annual report to stockholders, which includes our annual report on Form 10-K with audited financial statements for the year ended December 31, 2025 (our “2025 Annual Report”), are first being sent to our common stockholders on or about April 27, 2026.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 9, 2026:

This proxy statement and our 2025 Annual Report are available on the Internet athttps://ir.biminicapital.com. On this website, you will be able to access this proxy statement, our 2025 Annual Report, and any amendments or supplements to the foregoing material that are required to be furnished to stockholders.

At the Annual Meeting, action will be taken to:

(i) elect one Class II director, to hold office until the 2029 Annual Meeting of Stockholders and until his successor is elected and qualified;

(ii) ratify the appointment of BDO USA, P.C. (“BDO”) as our independent registered public accounting firm for the fiscal year ending December 31, 2026;

(iii) approve the First Amendment to the Company's Rights Agreement; and

(iv) approve, on a non-binding advisory basis, the Company’s 2025 executive compensation.

At the discretion of the proxy holders, proxies may be voted on any other business that may properly come before the Annual Meeting or any adjournment or postponement of the Meeting.