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TerrAscend Announces Books Closed on Over-Subscribed US$52 Million Private Placement
TerrAscend Announces Books Closed on Over-Subscribed US$52 Million Private Placement ...
About this update from Terrascend Corp.
[{"type":"text","content":"\n\n\n\nTerrAscend Announces Books Closed on Over-Subscribed US$52 Million Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 7, 2019\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\n TORONTO, May 7, 2019 /CNW/ - TerrAscend Corp. (CSE:TER) (\"TerrAscend\" or the \"Company\") has successfully completed the book-build for its previously announced upsized private placement (the \"Private Placement\") with orders totaling approximately US$52 million. The Company is issuing common shares in the Private Placement at the previously announced price of CAD$7.64, representing a 5% discount from Monday's closing price. All members of the Company's leadership team are participating in the Offering, including an increased US$17 million lead order from funds advised by JW Asset Management, LLC and affiliated entities. For further details concerning the Private Placement, please refer to the Company's news release dated April 26, 2019.\n\n \n \n\n \nAs noted previously, the Company intends to use the proceeds from the Private Placement to fund its United States acquisition strategy, working capital and general corporate purposes.  \nSubject to the satisfaction of customary closing conditions, including the approval of the Canadian Securities Exchange, the Private Placement is expected to close, in one or more tranches, by mid-May, 2019.  \nThe securities to be issued pursuant to the private placement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the \"1933 Act\"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.\nAbout TerrAscend\nTerrAscend provides quality products, brands, and services to the global cannabinoid market. As the...