{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-014602","form_type":"8-K/A","ticker":"TSNDF","cik":"0001778129","company_name":"TerrAscend Corp.","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.515714+00:00","generated_at":"2026-06-16T13:22:53.637816+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TerrAscend subsidiary to issue $1M in shares to TerInvest; shareholder vote required","bullets":["TerrAscend Growth Corp. entered subscription agreement with TerInvest LLC for $1M investment in exchange for class A shares.","Upon closing, TerrAscend's class B shares convert to non-voting shares representing ~99.8% of the subsidiary.","Investor gets repurchase options and board seat; TerrAscend retains negative covenants via protection agreement.","Shareholder approval (66 2/3%) required at June 22, 2023 meeting; if not approved, investment and TSX listing will not close."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-014602","json":"https://secwatch.observer/filing/0000950170-23-014602.json","markdown":"https://secwatch.observer/filing/0000950170-23-014602.md","text":"https://secwatch.observer/filing/0000950170-23-014602.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/0000950170-23-014602-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/trssf-20230420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T13:22:53.637816+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"082b1dff0975640ea12a767ea6e63d1a195f38dc","claim":"TerrAscend Corp. entered into Protection Agreement with TerrAscend Growth Corp..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/0000950170-23-014602-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"TerrAscend Growth Corp."}],"fact_type":"material_agreement"},{"claim_id":"f417a8bf986e85e5b71a022f4f9bfee673e97c7b","claim":"TerrAscend Corp. entered into Subscription Agreement with TerInvest LLC valued at US$1,000,000 (effective 2023-04-20).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/0000950170-23-014602-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"TerInvest LLC"},{"label":"Value","value":"US$1,000,000"},{"label":"Effective","value":"2023-04-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}