secwatch.observer — SEC 8-K summary
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Issuer:     TPG Mortgage Investment Trust, Inc. (MITT)
CIK:        0001514281
Form:       8-K
Filed at:   2026-08-10T11:00:26+00:00
Accession:  0001628280-26-054986
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MITT acquires CHMI for $117.5M; CHMI holders get 0.3063 MITT shares + $0.93 cash
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- Consideration: 0.3063 MITT shares + $0.93 cash per CHMI share; implied $3.10/share, 29% premium to Aug 7 close, 32% to 30-day VWAP.
- Total implied value $117.5M; expected close Q4 2026 subject to MITT and CHMI stockholder approvals and regulatory conditions.
- CHMI Series A preferred converts to MITT Series D; Series B to MITT Series E. Termination fees: CHMI $4.7M, MITT $7.99M.
- MITT Manager pays ~$20M cash to CHMI stockholders; management agreement amended with incentive fee changes.
- Voting agreement: AG MIT (MITT sub) votes 734,800 CHMI shares in favor; MITT board expands by two with CHMI designees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514281/000162828026054986/0001628280-26-054986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514281/000162828026054986/mitt-20260809.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-054986

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