---
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"
generated_at: "2026-06-07T11:28:19.047545+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lucy Scientific Discovery secures up to $1.8M via convertible notes and warrants

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-096522
- form_type: 8-K
- cik: 0001865127
- company_name: Lucy Scientific Discovery, Inc.
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-096522
- JSON: https://secwatch.observer/filing/0001213900-23-096522.json
- Plain text: https://secwatch.observer/filing/0001213900-23-096522.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: up to a total of $1.8 million
  - Counterparty: accredited investors
  - Rate: 10.0% per annum
  - Maturity: 12 months thereafter
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1865127/000121390023096522/0001213900-23-096522-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: three (3) accredited investors
  - Value: up to a total of $1.8 million
  - Effective: 2023-12-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1865127/000121390023096522/0001213900-23-096522-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.