---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-080839"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T08:46:30.385102+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Terra Property Trust reaffirms merger with WMC, counters MITT unsolicited bid

## Summary
- Combined company expected to have ~$1.2B in assets and $436M adjusted book value.
- Implied consideration to WMC shareholders of $15.40/share, an 84% premium to WMC's July 12 close.
- Voting agreement with ~80% of TPT shares to vote in favor; lender consents obtained.
- TPT stockholders receive WMC Class B shares converting in thirds over 18 months to limit selling pressure.
- Mavik committed to purchase up to $4M of WMC Class A shares post-closing to support trading.

## SEC filing metadata
- accession: 0001104659-23-080839
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465923080839/0001104659-23-080839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465923080839/tm2321283d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-080839
- JSON: https://secwatch.observer/filing/0001104659-23-080839.json
- Plain text: https://secwatch.observer/filing/0001104659-23-080839.txt

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