---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-075429"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:35:24.138926+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TPT and WMC merge to form $1.2B credit-oriented REIT; TPT shareholders to own 76%

## Summary
- WMC issues Class B shares to TPT stockholders; exchange ratio 0.785 based on adjusted book values as of March 31, 2023.
- Combined company expected to have ~$1.2B assets and ~$436M adjusted book value; TPT shareholders own ~76%.
- Vik Uppal (TPT CEO) to lead combined company as CEO and Chairman; board of eight with six TPT-designated directors.
- Transaction expected to close Q4 2023, subject to stockholder approvals; Mavik commits up to $4M share purchase.
- WMC valued at 100% of adjusted book (~$106M) vs. ~$56M market cap prior to announcement.

## SEC filing metadata
- accession: 0001104659-23-075429
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465923075429/0001104659-23-075429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465923075429/tm2319764d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-075429
- JSON: https://secwatch.observer/filing/0001104659-23-075429.json
- Plain text: https://secwatch.observer/filing/0001104659-23-075429.txt

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