{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-096522","form_type":"8-K","ticker":null,"cik":"0001865127","company_name":"Lucy Scientific Discovery, Inc.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.183890+00:00","generated_at":"2026-06-07T11:28:19.047545+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lucy Scientific Discovery secures up to $1.8M via convertible notes and warrants","bullets":["First tranche of $850,000 closed; aggregate principal up to $2M with $200K OID.","Warrants issued to purchase 1.5M common shares at $0.25 per share, exercisable until Dec 2028.","Convertible notes bear 10% interest, mature 12 months from issuance, prepayable at 110%.","Equity interest of $450K in common shares issuable when shares become unrestricted.","Obligations secured by all company assets; subsequent tranches up to $950K at investors' discretion."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-096522","json":"https://secwatch.observer/filing/0001213900-23-096522.json","markdown":"https://secwatch.observer/filing/0001213900-23-096522.md","text":"https://secwatch.observer/filing/0001213900-23-096522.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865127/000121390023096522/0001213900-23-096522-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865127/000121390023096522/ea190179-8k_lucyscien.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:28:19.047545+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0dc3e44acf0e5148d688d7d8dee403458825184e","claim":"Lucy Scientific Discovery, Inc. incurred convertible notes of up to a total of $1.8 million with accredited investors at 10.0% per annum maturing 12 months thereafter.","evidence_excerpt":"On December 12, 2023, Lucy Scientific Discovery, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with three (3) accredited investors (collectively, the “Investors”), pursuant to which the Investors may lend up to a total of $1.8 million to the Company.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865127/000121390023096522/0001213900-23-096522-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"up to a total of $1.8 million"},{"label":"Counterparty","value":"accredited investors"},{"label":"Rate","value":"10.0% per annum"},{"label":"Maturity","value":"12 months thereafter"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"991ed1d5ccfc7c2b4e928ea494d68ae1109d0409","claim":"Lucy Scientific Discovery, Inc. entered into Purchase Agreement with three (3) accredited investors valued at up to a total of $1.8 million (effective 2023-12-12).","evidence_excerpt":"On December 12, 2023, Lucy Scientific Discovery, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with three (3) accredited investors (collectively, the “Investors”), pursuant to which the Investors may lend up to a total of $1.8 million to the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1865127/000121390023096522/0001213900-23-096522-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"three (3) accredited investors"},{"label":"Value","value":"up to a total of $1.8 million"},{"label":"Effective","value":"2023-12-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}