J.W. Opportunities Master Fund, Ltd. - Mar 24, 2023 Form 4 Insider Report for TerrAscend Corp. (TSNDF)

Role
Former 10% Owner
Signature
/s/ Jason Klarreich, Attorney-in-Fact, JW Opportunities Master Fund, Ltd.
Stock symbol
TSNDF
Transactions as of
Mar 24, 2023
Transactions value $
$0
Form type
4
Date filed
3/27/2023, 02:56 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TSNDF Common Shares 19.4M Mar 24, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TSNDF Series A Preferred Shares 3M Mar 24, 2023 See Footnote Direct F1
holding TSNDF Warrants (convertible to Series C Preferred Shares) 3M Mar 24, 2023 See Footnote Direct F1
holding TSNDF Warrants (convertible to Common Shares) 772K Mar 24, 2023 See Footnote Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

J.W. Opportunities Master Fund, Ltd. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 JW Opportunities Master Fund, Ltd. ("JWO") previously filed Form 4 jointly with JW Asset Management, LLC and certain other reporting persons as a result of certain transactions in which JWO and/or such reporting persons, acquired or sold certain non-derivative securities and/or derivative securities of the Issuer. The amount of 19,352,516 in Table I reflects the aggregate amount of common shares held by JWO. The amounts of 3,000,000, 3,000,000 and 771,685 in Table II reflect the amounts of respective derivative securities held by JWO.

Remarks:

This "Exit" Form 4 is voluntarily filed to report that the Reporting Person is no longer a 10% owner of the Issuer. According to the Issuer's recently filed Form 10-K, its number of outstanding common shares was 273,403,288 as of March 14, 2023, therefore the Reporting Person is no longer subject to Section 16 reporting. The Reporting Person did not have any transactions in the Issuer's securities during the time that it was a Section 16 reporting person other than those previously disclosed in Form 4, with respect to transactions dated March 10, 2022, March 21, 2022, March 22, 2022 and August 23, 2022.