{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-077236","form_type":"8-K","ticker":"TPTA","cik":"0001674356","company_name":"Terra Property Trust, Inc.","filed_at":"2023-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.978165+00:00","generated_at":"2026-06-13T14:03:38.268151+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Terra Property Trust enters merger agreement with Western Asset Mortgage; TPT holders get WMC convertible shares","bullets":["Per share exchange ratio based on adjusted book values of TPT and WMC as of determination date; no fixed cash price.","WMC will pay $7M termination fee to its external manager; reciprocal termination fees: $3M (WMC) and $6M (TPT).","Mavik Capital Management affiliate commits up to $4M of open-market share purchases post-close to support WMC Class A trading.","New management agreement with Terra REIT Advisers effective at closing: 1.5% quarterly base fee plus 20% incentive fee over 7% hurdle.","Closing expected by March 21, 2024; subject to stockholder approvals, SEC registration, and other conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-077236","json":"https://secwatch.observer/filing/0001104659-23-077236.json","markdown":"https://secwatch.observer/filing/0001104659-23-077236.md","text":"https://secwatch.observer/filing/0001104659-23-077236.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674356/000110465923077236/0001104659-23-077236-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674356/000110465923077236/tm2320304d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T14:03:38.268151+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}