secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0000950170-23-031763
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend closes second tranche of private placements for US$20.5M total proceeds
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- Second tranche: 2.29M Units at US$1.50/unit, 100 Debentures at US$1,000 each, and Reorganization Investment of US$1M.
- Total proceeds from both tranches: US$20.5M; proceeds for TSX listing, Maryland acquisitions, and working capital.
- Each Unit: 1 common share + 1/2 warrant (US$1.95 exercise, 24-month term); Debentures: 9.9% interest, 3-year term, convertible at US$2.01.
- Insider participation: Jason Wild acquired 800,002 Units for US$1.2M in second tranche; total insiders US$3.24M.
- Reorganization Investment completed to support TSX listing; TerrAscend holds ~99.8% of TerrAscend Growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023031763/0000950170-23-031763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023031763/trssf-20230628.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-031763

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