Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 19

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 19
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 the New Series A Preferred Stock will trade on the NYSE under the ticker symbol “NXDT PA” upon the Effective Time. The Conversion will effect certain changes of a legal nature, the most significant of which are described in the section titled “Comparison of Rights of Shareholders of Old NXDT and New NXDT.”

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Certain Other Effects of the Conversion

The Plan of Conversion, Delaware law and the MGCL effectively provide that New NXDT is a continuation of Old NXDT and that the obligations and rights of Old NXDT will continue as obligations and rights of New NXDT, without impairment. Specifically, the Plan of Conversion and the MGCL provide that:

| ● | New NXDT shall be deemed to be the same entity as Old NXDT, and New NXDT shall be the successor entity to Old NXDT under the Exchange Act and thereby subject to the informational requirements of the Exchange Act and the rules and regulations promulgated thereunder; |

| ● | the Conversion shall not affect, invalidate, terminate, suspend or nullify any licenses, permits or registrations granted to Old NXDT before the Conversion; |

| ● | as a result of the Conversion, any existing claim, action or proceeding pending by or against Old NXDT may be prosecuted to judgment as if the Conversion had not taken place, or, on motion of the other entity or any other party, New NXDT may be substituted as a party and a judgment against Old NXDT constitutes a lien on the property of New NXDT; |

| ● | New NXDT shall be liable for all the debts and obligations of Old NXDT and the Conversion shall not affect any debts, obligations or liabilities of Old NXDT or impair the rights of creditors or any liens on the property of the Old NXDT; and |

| ● | the ownership interests of the holders of Old Common Shares, Old Series A Preferred Shares and Old Series B Preferred Shares shall cease to exist as ownership interests in Old NXDT and continue to exist as shares of New Common Stock, New Series A Preferred Stock and New Series B Preferred Stock, respectively, and as stock of the successor registrant of Old NXDT, the New Common Stock and the New Series A Preferred Stock will be deemed to be registered under Section 12(b) of the Exchange Act. |

Conditions to Completion of the Conversion; Termination of the Plan

The completion of the Conversion was subject to the approval by the affirmative vote of holders of a majority of the outstanding Old Common Shares and Old Series