Item 2.01 Completion of Acquisition or Disposition of Assets.

As described in further detail in the Current Report on Form 8-K of BBX Capital, Inc. (the "Company") filed with the Securities and Exchange Commission on October 27, 2020, on October 22, 2020, Renin Holdings LLC ("Renin"), a wholly-owned subsidiary of the Company, completed the acquisition of substantially all of the assets and assumption of certain liabilities (the "Acquisition") of Colonial Elegance Inc. ("Colonial Elegance") for a base purchase price of approximately $39.0 million, substantially all of which was paid in cash by Renin at closing. In addition to the base purchase price, Renin acquired estimated excess working capital held by Colonial Elegance above an agreed upon target working capital amount of $9.9 million for $5.1 million, of which $1.0 million was held back by Renin at closing pending final determination of the excess working capital. The Company made a $5.0 million capital contribution to Renin to partially fund the Acquisition, while the remainder of the cash consideration was funded by Renin using borrowings under the 2020 TD Bank Credit Facility (as defined and further described in Item 2.03 in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 27, 2020).

Item 9.01 Financial Statements and Exhibits

(a) Financial statements of businesses acquired. The audited consolidated


      balance sheets of Colonial Elegance Inc. as of April  30, 2020 and 2019 and
      audited consolidated statements of income and comprehensive income, changes
      in shareholders' equity, and cash flows of Colonial Elegance Inc. for the
      years ended April  30, 2020 and 2019 and the related notes are filed as
      Exhibit 99.1 to this Form 8-K/A.

(b) Pro forma financial information. The unaudited pro forma condensed


      consolidated statement of financial condition of BBX Capital, Inc. and its
      subsidiaries as of September 30, 2020 and unaudited pro forma condensed
      consolidated statements of operations of BBX Capital, Inc. and its
      subsidiaries for the year ended December 31, 2019 and the nine months ended
      September 30, 2020 and the related notes are filed as Exhibit 99.2 to this
      Form 8-K/A.




 (d)  Exhibits.




Exhibit No. Description

99.1 Audited consolidated balance sheets of Colonial Elegance Inc. as of April 30, 2020 and 2019 and audited consolidated statements of income and comprehensive income, changes in shareholders' equity, and cash flows of Colonial Elegance Inc. for the years ended April 30, 2020 and 2019 and the related notes, together with the Independent Auditors' Report.

99.2 Unaudited pro forma condensed consolidated statement of financial condition of BBX Capital, Inc. and its subsidiaries as of September 30, 2020 and unaudited pro forma condensed consolidated statements of operations for the year ended December 31, 2019 and the nine months ended September 30, 2020 and the related notes.





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