secwatch.observer — SEC 8-K summary
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Issuer:     Terra Property Trust, Inc. (TPTA)
CIK:        0001674356
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001193125-23-011955
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terra Property Trust provides pro forma financials for merger with Terra Income Fund 6
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- Merger completed Oct 1, 2022; each Terra BDC share exchanged for 0.595 TPT Class B shares plus cash for fractional shares.
- Aggregate consideration ~$73.4M, based on TPT NAV of $14.66/share as of Sept 30, 2022.
- Pro forma net loss for 9 months ended Sept 30, 2022: ($4.35M) or ($0.18) per diluted share.
- Pro forma net loss for year ended Dec 31, 2021: ($7.72M) or ($0.32) per diluted share.
- Adjustments include elimination of intercompany loan participations and recognition of ~$3.5M gain on debt extinguishment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674356/000119312523011955/0001193125-23-011955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674356/000119312523011955/d452054d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-011955

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