Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
TerrAscend Corp. incurred convertible notes of US$100,000 aggregate gross proceeds from 100 senior unsecured convertible debentures at US$1,000 each with accredited investors at 9.9% per annum, payable upon conversion and at maturity; holders may elect up to maturing 36 months from date of issuance (June 28, 2023).
- Instrument
- convertible notes
- Principal
- US$100,000 aggregate gross proceeds from 100 senior unsecured convertible debentures at US$1,000 each
- Counterparty
- accredited investors
- Rate
- 9.9% per annum, payable upon conversion and at maturity; holders may elect up to
- Maturity
- 36 months from date of issuance (June 28, 2023)
- Event
- incurrence
Exact text from the filing
The Company sold to the Investors (i) an aggregate of 2,292,434 units (the “Units”) of the Company (the “Equity Offering”) at a price of US$1.50 (CAD $2.00) per Unit (the “Issue Price”), for aggregate gross proceeds of approximately US$3.4million (CAD $4.5 million), and (ii) 100 senior unsecured convertible debentures (the “Debentures”) of the Company (the “Debenture Offering”) at a price of US$1,000 per Debenture, for aggregate gross proceeds of approximately US$100,000. The Second Private Placements and the previously announced concurrent private placements totaled aggregate proceeds of US$20.5 million. Each Unit sold pursuant to the Equity Offering is comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of US$1.95 per Common Share (subject to customary adjustmen
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TerrAscend Corp. entered into Equity Subscription Agreements with certain accredited investors (the "Investors") valued at approximately US$3.4 million (effective 2023-06-28).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain accredited investors (the "Investors")
- Value
- approximately US$3.4 million
- Effective
- 2023-06-28
Exact text from the filing
On June 28, 2023, TerrAscend Corp. (the “Company”) closed a second tranche of concurrent private placement offerings (the “Second Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 28, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$3.4 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TerrAscend Corp. entered into Warrant Indenture with Odyssey Trust Company (effective 2023-06-28).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Odyssey Trust Company
- Effective
- 2023-06-28
Exact text from the filing
The Warrants are governed by the terms of a warrant indenture dated June 28, 2023 between Odyssey Trust Company, acting as warrant agent, and the Company (the “Warrant Indenture”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TerrAscend Corp. entered into Debenture Subscription Agreement with certain accredited investors (the "Investors") valued at approximately US$100,000 (effective 2023-06-28).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain accredited investors (the "Investors")
- Value
- approximately US$100,000
- Effective
- 2023-06-28
Exact text from the filing
On June 28, 2023, TerrAscend Corp. (the “Company”) closed a second tranche of concurrent private placement offerings (the “Second Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 28, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$3.4 million.
View on SEC.gov