Terra Property Trust completes merger with Terra Income Fund 6, issues ~4.8M Class B shares

Terra Property Trust, Inc.

Each Terra BDC share converted into 0.595 Class B shares plus cash for fractional shares.
~4.83M Class B shares issued to former Terra BDC holders, representing ~19.9% of combined common equity.
Board expanded by three: Spencer Goldenberg, Adrienne Everett, Gaurav Misra appointed. Officers unchanged.
Merger sub assumed $38.385M 7.00% Notes due 2026 and $25M credit facility due July 1, 2023.
Charter amended: authorized shares increased to 950M; Class B automatically converts to Class A upon listing.

item 1.01 item 2.03 item 2.01 item 3.03 item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gaurav Misra

Director

TPTA · Terra Property Trust, Inc.

Filed: October 3, 2022, 7:59 PM ET

As of the Effective Time and in accordance with the Merger Agreement, the Board increased the size of the Board by three members and elected each of Spencer Goldenberg, Adrienne Everett and Gaurav Misra (collectively, the “Terra BDC Designees”) to the Board to fill the vacancies on the Board created by such increase

Appointed

Adrienne Everett

Director

TPTA · Terra Property Trust, Inc.

Filed: October 3, 2022, 7:59 PM ET

As of the Effective Time and in accordance with the Merger Agreement, the Board increased the size of the Board by three members and elected each of Spencer Goldenberg, Adrienne Everett and Gaurav Misra (collectively, the “Terra BDC Designees”) to the Board to fill the vacancies on the Board created by such increase

Appointed

Spencer Goldenberg

Director

TPTA · Terra Property Trust, Inc.

Filed: October 3, 2022, 7:59 PM ET

As of the Effective Time and in accordance with the Merger Agreement, the Board increased the size of the Board by three members and elected each of Spencer Goldenberg, Adrienne Everett and Gaurav Misra (collectively, the “Terra BDC Designees”) to the Board to fill the vacancies on the Board created by such increase

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gaurav Misra was appointed as Director at Terra Property Trust, Inc..

Action: appointed
Role: Director

Exact text from the filing

As of the Effective Time and in accordance with the Merger Agreement, the Board increased the size of the Board by three members and elected each of Spencer Goldenberg, Adrienne Everett and Gaurav Misra (collectively, the “Terra BDC Designees”) to the Board to fill the vacancies on the Board created by such increase

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adrienne Everett was appointed as Director at Terra Property Trust, Inc..

Action: appointed
Role: Director

Exact text from the filing

As of the Effective Time and in accordance with the Merger Agreement, the Board increased the size of the Board by three members and elected each of Spencer Goldenberg, Adrienne Everett and Gaurav Misra (collectively, the “Terra BDC Designees”) to the Board to fill the vacancies on the Board created by such increase

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Spencer Goldenberg was appointed as Director at Terra Property Trust, Inc..

Action: appointed
Role: Director

Exact text from the filing

As of the Effective Time and in accordance with the Merger Agreement, the Board increased the size of the Board by three members and elected each of Spencer Goldenberg, Adrienne Everett and Gaurav Misra (collectively, the “Terra BDC Designees”) to the Board to fill the vacancies on the Board created by such increase

View on SEC.gov

Terra Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-256629

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