---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-054153"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:07:27.390402+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Terra REIT to merge with Terra BDC; 0.595x conversion, closing Q3 2022

## Summary
- Each Terra BDC share exchanged for 0.595 shares of Terra REIT Class B common stock plus cash in lieu of fractional shares.
- Existing Terra REIT stockholders to own ~80.2% of combined company; former Terra BDC holders ~19.8%.
- Closing expected Q3 2022 subject to Terra BDC stockholder approval and customary conditions.
- Termination fee of $2.6M payable by Terra BDC under specified circumstances ($1.1M within 60 days).
- Combined company to keep name, management, and headquarters; board to have 6 directors (3 from each).

## SEC filing metadata
- accession: 0001104659-22-054153
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465922054153/0001104659-22-054153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465922054153/tm2214138d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-054153
- JSON: https://secwatch.observer/filing/0001104659-22-054153.json
- Plain text: https://secwatch.observer/filing/0001104659-22-054153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.