---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-282981"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2026-06-25T20:58:51+00:00"
generated_at: "2026-06-25T21:00:15.609492+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TerrAscend raises $21.7M in convertible debentures, retires $11.1M higher-rate debt

## Summary
- Issued 21,702 secured convertible debentures at US$1,000 each for aggregate gross proceeds of US$21.7M.
- Used US$11.1M to retire existing 9.9% senior unsecured convertible debentures maturing June 23, 2026.
- Debentures bear 8.00% cash interest (PIK at 9-10%), mature Sept 30, 2031; convertible at US$0.87 per share.
- Debentures secured by second lien on U.S. assets; subordinated to FG Loan; $10M prepayment on FG Loan also made.
- Balance of proceeds available for M&A and debt repayment/refinancing; insider Edward J. Schutter bought 1,000 debentures.

## SEC filing metadata
- accession: 0001193125-26-282981
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2026-06-25T20:58:51+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000119312526282981/0001193125-26-282981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000119312526282981/tsndf-20260623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-282981
- JSON: https://secwatch.observer/filing/0001193125-26-282981.json
- Plain text: https://secwatch.observer/filing/0001193125-26-282981.txt

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