TerrAscend Corp. (TSNDF) Form 8-K — Jun 25, 2026
$TSNDFForm 8-KItems 1.01, 2.03, 3.02, 7.01, 9.01Filed Jun 25, 2026, 4:58 PM ET0001193125-26-282981Original filing
TerrAscend Corp. closed a private placement of secured convertible debentures, raising aggregate gross proceeds of US$21.7 million. The proceeds were primarily used to retire approximately US$11.1 million of existing senior unsecured convertible debentures and make a US$10.0 million prepayment on its senior secured term loan (FG Loan). The new debentures bear interest at 8.00% per annum and mature on September 30, 2031.
Key figures
- Debt Amount
- US$21.7 million
- Interest Rate
- 8.00%
- Maturity Date
- September 30, 2031
- Gross Proceeds
- US$21.7 million
- Offering Price
- US$1,000
- Shares Offered
- 21,702
- Conversion Price
- US$0.87
- Fg loan prepayment
- US$10.0 million
- Fg loan total size
- US$219.0 million
- Fg loan interest rate
- 12.75%
- Potential share dilution
- approximately 24.9 million Common Shares
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