---
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"
generated_at: "2026-06-16T13:22:53.637816+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TerrAscend subsidiary to issue $1M in shares to TerInvest; shareholder vote required

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-014602
- JSON: https://secwatch.observer/filing/0000950170-23-014602.json
- Plain text: https://secwatch.observer/filing/0000950170-23-014602.txt

## Key facts
- Material Agreements
  TerrAscend Corp. entered into Protection Agreement with TerrAscend Growth Corp..
  - Action: entry
  - Counterparty: TerrAscend Growth Corp.
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/0000950170-23-014602-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/0000950170-23-014602-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.