secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000950170-23-014495
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend subsidiary to issue $1M equity to TerInvest; needs shareholder vote for TSX listing
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- Subsidiary TerrAscend Growth will issue Class A shares to TerInvest LLC for $1M; Corporation will hold ~99.8% non-voting shares.
- Shareholder meeting on June 22, 2023 to approve transaction by 66.67% vote; failure kills investment and TSX listing.
- Protection Agreement includes negative covenants, annual budget approval, and information rights for the Corporation.
- Investor can appoint one director; repurchase options after 5 years with cash or Corp shares payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023014495/0000950170-23-014495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023014495/trssf-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014495

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