{"filing":{"accession_number":"0001193125-26-282981","cik":"0001778129","ticker":"TSNDF","company_name":"TerrAscend Corp.","form":"8-K","filing_date":"2026-06-25","report_date":null,"primary_document":"tsndf-20260623.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1778129/000119312526282981/tsndf-20260623.htm"},"events":[{"id":13979,"run_id":12430,"accession_number":"0001193125-26-282981","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"TerrAscend issued $21.7 million in secured convertible debentures maturing September 30, 2031, at 8.00% interest, convertible into approximately 24.9 million common shares at $0.87 per share. The company used proceeds to retire higher-rate existing debt and retain capital for M\u0026A purposes.","company_name":"TerrAscend Corp.","ticker":"TSNDF","filing_date":"2026-06-25","form":"8-K","submitted_at":null,"items":[{"id":11278,"accession_number":"0001193125-26-282981","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend entered into subscription agreements on June 23, 2026, to issue secured convertible debentures totaling US$21.7 million at US$1,000 per debenture, maturing September 30, 2031, at 8.00% interest. This is a material creation of direct financial obligations. While the debentures are convertible into common shares, the primary event disclosed is the issuance of debt securities, not equity dilution. The company also amended its existing FG Loan Agreement (Fifth Amendment) to permit this issuance and made a US$10.0 million prepayment on the FG Loan, further confirming the debt-focused nature of the transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11279,"accession_number":"0001193125-26-282981","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend closed a convertible debenture financing raising $21.7 million in principal amount, with debentures maturing in 2031 bearing 8.00% interest and convertible at US$0.87 per share. This is a creation of a direct financial obligation—a new debt instrument—which is the core event disclosed under Item 2.03. The company used proceeds to retire existing higher-rate debt and retain capital for M\u0026A, making this a material refinancing event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11280,"accession_number":"0001193125-26-282981","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend completed an unregistered private placement of $21.7 million in convertible debentures relying on Section 4(a)(2) and Regulation D exemptions. The debentures are convertible into approximately 24.9 million common shares at US$0.87 per share, representing significant dilution. The filing explicitly states the securities \"have not been registered under the Securities Act of 1933\" and were offered in reliance on private placement exemptions, which is the hallmark of a dilutive issuance under Item 3.02.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11281,"accession_number":"0001193125-26-282981","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend closed a convertible debenture financing raising $21.7 million in principal amount, with debentures maturing in 2031 at 8.00% interest and convertible at US$0.87 per share. This is a material creation of a direct financial obligation. The company used $11.1 million of proceeds to retire existing higher-rate debt and retained the remainder for M\u0026A, demonstrating the strategic importance of this capital raise to the registrant's balance sheet and financial flexibility.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":11278,"accession_number":"0001193125-26-282981","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend entered into subscription agreements on June 23, 2026, to issue secured convertible debentures totaling US$21.7 million at US$1,000 per debenture, maturing September 30, 2031, at 8.00% interest. This is a material creation of direct financial obligations. While the debentures are convertible into common shares, the primary event disclosed is the issuance of debt securities, not equity dilution. The company also amended its existing FG Loan Agreement (Fifth Amendment) to permit this issuance and made a US$10.0 million prepayment on the FG Loan, further confirming the debt-focused nature of the transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"TerrAscend Corp.","ticker":"TSNDF","filing_date":"2026-06-25"},{"id":11279,"accession_number":"0001193125-26-282981","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend closed a convertible debenture financing raising $21.7 million in principal amount, with debentures maturing in 2031 bearing 8.00% interest and convertible at US$0.87 per share. This is a creation of a direct financial obligation—a new debt instrument—which is the core event disclosed under Item 2.03. The company used proceeds to retire existing higher-rate debt and retain capital for M\u0026A, making this a material refinancing event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"TerrAscend Corp.","ticker":"TSNDF","filing_date":"2026-06-25"},{"id":11280,"accession_number":"0001193125-26-282981","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend completed an unregistered private placement of $21.7 million in convertible debentures relying on Section 4(a)(2) and Regulation D exemptions. The debentures are convertible into approximately 24.9 million common shares at US$0.87 per share, representing significant dilution. The filing explicitly states the securities \"have not been registered under the Securities Act of 1933\" and were offered in reliance on private placement exemptions, which is the hallmark of a dilutive issuance under Item 3.02.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"TerrAscend Corp.","ticker":"TSNDF","filing_date":"2026-06-25"},{"id":11281,"accession_number":"0001193125-26-282981","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"TerrAscend closed a convertible debenture financing raising $21.7 million in principal amount, with debentures maturing in 2031 at 8.00% interest and convertible at US$0.87 per share. This is a material creation of a direct financial obligation. The company used $11.1 million of proceeds to retire existing higher-rate debt and retained the remainder for M\u0026A, demonstrating the strategic importance of this capital raise to the registrant's balance sheet and financial flexibility.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:59:47.791142+00:00","company_name":"TerrAscend Corp.","ticker":"TSNDF","filing_date":"2026-06-25"}]}