secwatch.observer — SEC 8-K summary
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Issuer:     Terra Property Trust, Inc. (TPTA)
CIK:        0001674356
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056461
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terra Property Trust to acquire Terra Income Fund 6 in stock merger valued at $14.38 per share
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- Each Terra BDC share converts to 0.595 shares of Terra REIT Class B common plus cash for fractional shares at $14.38/share.
- Terra REIT will increase authorized shares to 950M, designate Class A and Class B common, and convert existing shares to Class B.
- Class B shares auto-convert to Class A in three tranches: 180, 365, and 545 days after initial Class A listing.
- Terra BDC stockholders must approve merger; Terra REIT stockholders already approved charter amendment.
- Termination fee of $2.6M payable by Terra BDC under certain circumstances, reduced to $1.1M in specified cases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674356/000110465922056461/0001104659-22-056461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674356/000110465922056461/tm2214498d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056461

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