secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0000950170-22-026270
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend settles $20M USD and CAD 93.7M debt with Canopy USA; issues exchangeable shares and warrants
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- Extinguished $20M USD non-convertible debenture from Arise Bioscience and CAD 80.5M + CAD 13.2M obligations from TerrAscend Canada.
- Cancelled existing TerrAscend warrants to purchase 22,474,130 common shares at CAD $3.74-$17.19.
- Issued 24,601,467 new exchangeable shares (exchangeable 1:1 for common upon federal legalization or exchange policy change).
- Issued new warrants to purchase 22,474,130 common shares at CAD $3.74-$17.19, expiring December 31, 2032.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022026270/0000950170-22-026270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022026270/trssf-20221209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026270

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