---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032179"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:08:30.933572+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TerrAscend closes $21M private placement, lists on TSX, changes OTC ticker

## Summary
- Total aggregate gross proceeds from private placements approximately US$21 million (CAD $27.8 million).
- Third tranche closed June 30: 216,666 units at US$1.50 and 100 debentures at US$1,000 each.
- Warrants exercisable at US$1.95 for 24 months; debentures bear 9.9% interest, convertible at US$2.01.
- Common shares began trading on Toronto Stock Exchange on July 4 under ticker TSND.
- OTCQX ticker changed from TRSSF to TSNDF effective July 6.

## SEC filing metadata
- accession: 0000950170-23-032179
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017023032179/0000950170-23-032179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017023032179/tsndf-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032179
- JSON: https://secwatch.observer/filing/0000950170-23-032179.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032179.txt

## Key facts
- Material Agreements
  TerrAscend Corp. entered into Subscription Agreement for Convertible Debentures with certain accredited investors valued at 100 senior unsecured convertible debentures at US$1,000 per debenture for aggregate gross proceeds o (effective 2023-06-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain accredited investors
  - Value: 100 senior unsecured convertible debentures at US$1,000 per debenture for aggregate gross proceeds o
  - Effective: 2023-06-30
  source text: (the “Company”) closed a third tranche of concurrent private placement offerings (the “Third 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 30, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$425,000 (CAD $562,700).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023032179/0000950170-23-032179-index.htm
- Material Agreements
  TerrAscend Corp. entered into Subscription Agreements for Units with certain accredited investors valued at 216,666 units at US$1.50 per unit for aggregate gross proceeds of approximately US$325,000; each uni (effective 2023-06-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: 216,666 units at US$1.50 per unit for aggregate gross proceeds of approximately US$325,000; each uni
  - Effective: 2023-06-30
  source text: (the “Company”) closed a third tranche of concurrent private placement offerings (the “Third 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 30, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$425,000 (CAD $562,700).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023032179/0000950170-23-032179-index.htm
- Material Agreements
  TerrAscend Corp. entered into Warrant Indenture dated June 30, 2023 with Odyssey Trust Company valued at Warrant indenture governing warrants issued as part of units; each warrant exercisable for one commo (effective 2023-06-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Odyssey Trust Company
  - Value: Warrant indenture governing warrants issued as part of units; each warrant exercisable for one commo
  - Effective: 2023-06-30
  source text: The Warrants are governed by the terms of a warrant indenture dated June 30, 2023 between Odyssey Trust Company, acting as warrant agent, and the Company (the "Warrant Indenture").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023032179/0000950170-23-032179-index.htm

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