Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2424

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2424
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HT Intermediary”), NHT Holdings, LLC (“NHT Holdings”) and NHT Operating Partnership, LLC (“NHT OP” and, together with Old NHT, NHT Intermediary and NHT Holdings, the “NHT Parties”) , pursuant to which the NHT Parties will merge with and into certain of the Company Parties, as described below (the “Mergers”). The NHT Parties may be deemed affiliates of the Company’s external adviser through common beneficial ownership.

Upon the terms and conditions of the Merger Agreement, (i) Old NHT will undergo a reorganization transaction pursuant to which a newly formed Delaware corporation, NexPoint Hospitality Trust, Inc. (“New NHT”), will hold all assets and liabilities of Old NHT and Old NHT's unitholders will elect to either receive a cash payment from Old NHT, or common stock of New NHT, (ii) New NHT will merge with and into NXDT Intermediary, with NXDT Intermediary as the surviving entity, (iii) NHT Intermediary will merge with and into NXDT Intermediary, with NXDT Intermediary as the surviving entity, (iv) NHT Holdings will merge with and into NXDT Intermediary, with NXDT Intermediary as the surviving entity and (v) NHT OP will merge with and into NXDT Merger Sub, with NXDT Merger Sub as the surviving entity.

NXDT currently owns 53.65% of the outstanding units of Old NHT and will acquire the remaining equity interests in New NHT and the NHT Parties for approximately $5.5 million through the Mergers, which will be paid principally in common shares of the Company, with limited partnership interests of NXDT OP paid for the equity interests of NHT OP. Neither the common shares of the Company nor the limited partnership interests of NXDT OP which will form the consideration for the Merger Agreement will be registered under the Securities Act of 1933, as amended (the “Securities Act”) at the time of their issuance and cannot be offered or sold in the United States or to, or for the account or benefit of, United States persons without registration or an applicable registration exemption.

The consummation of the Mergers is subject to certain customary closing conditions, including the approval of the transactions contemplated in the Merger Agreement by the unitholders of Old NHT and the effectiveness of a registration statement on Form S-4 registering the common shares of