secwatch.observer — SEC 8-K summary
======================================

Issuer:     Terra Property Trust, Inc. (TPTA)
CIK:        0001674356
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001193125-22-256629
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 2.01, 3.03, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674356/000119312522256629/0001193125-22-256629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674356/000119312522256629/d404297d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-256629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer