---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-027112"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:37:36.021443+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Low tender uptake on exchange offers; Terra warns of liquidity concerns, hires restructuring advisors

## Summary
- Only 3.80% of TPT Notes ($80.4M outstanding) and 0.37% of TIF6 Notes ($38.4M outstanding) tendered as of March 12, 2026.
- TIF6 had $0.4M cash vs $38.4M notes due March 31, 2026; company's promissory note to TIF6 ($48.1M) due 2027 not payable on demand.
- Company had $33.2M cash; warns insufficient liquidity to repay remaining notes while remaining a going concern.
- Hired Portage Point Partners (restructuring banker) and Alston & Bird (restructuring counsel) to evaluate alternatives.

## SEC filing metadata
- accession: 0001104659-26-027112
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465926027112/0001104659-26-027112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465926027112/tm268682d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-027112
- JSON: https://secwatch.observer/filing/0001104659-26-027112.json
- Plain text: https://secwatch.observer/filing/0001104659-26-027112.txt

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