Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TerrAscend Corp. entered into Protection Agreement with TerrAscend Growth Corp..
- Action
- entry
- Counterparty
- TerrAscend Growth Corp.
Exact text from the filing
As a result of the limited rights associated with the Non-Voting Shares that the Corporation will hold following the closing of the Investment, the Corporation and TerrAscend Growth have entered into a protection agreement (the “ Protection Agreement ”) that contains certain negative covenants designed to preserve the value of the Non-Voting Shares until such time as the Non-Voting Shares are converted into TerrAscend Growth Common Shares but does not provide the Corporation with the ability to direct the business, operations or activities of TerrAscend Growth.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TerrAscend Corp. entered into Subscription Agreement with TerInvest LLC valued at US$1,000,000 (effective 2023-04-20).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- TerInvest LLC
- Value
- US$1,000,000
- Effective
- 2023-04-20
Exact text from the filing
On April 20, 2023, TerrAscend Growth Corp., formerly Gage Growth Corp. (“ TerrAscend Growth ”), a wholly owned subsidiary of TerrAscend Corp. (the “ Corporation ”), entered into a subscription agreement (the “ Subscription Agreement ”) with TerInvest LLC (the “ Investor ”) pursuant to which TerrAscend Growth has agreed, subject to the terms and conditions contained therein, to issue TerrAscend Growth class A shares (the “ TerrAscend Growth Common Shares ”) to the Investor in exchange for US$1,000,000 (the “ Investment ”).
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