secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K/A
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014602
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 in shares to TerInvest; shareholder vote required
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/0000950170-23-014602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023014602/trssf-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014602

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