---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-016520"
form_type: "8-K"
ticker: null
cik: "0001865127"
company_name: "Lucy Scientific Discovery, Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:32:28.225476+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nasdaq warns Lucy Scientific of potential delisting due to equity below $2.5M

## Summary
- Stockholders' equity as of Dec 31, 2023 was ~$81,158 vs $2.5M minimum required.
- Company has 45 days to submit compliance plan; if accepted, extension to Aug 14, 2024.
- Also facing bid price non-compliance; 1-for-10 reverse stock split effective Feb 26, 2024.
- No immediate delisting, but failure could result in trading on OTC Markets.

## SEC filing metadata
- accession: 0001213900-24-016520
- form_type: 8-K
- cik: 0001865127
- company_name: Lucy Scientific Discovery, Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865127/000121390024016520/0001213900-24-016520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865127/000121390024016520/ea0200521-8k_lucyscien.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-016520
- JSON: https://secwatch.observer/filing/0001213900-24-016520.json
- Plain text: https://secwatch.observer/filing/0001213900-24-016520.txt

## Key facts
- Listing & Compliance Notices
  Lucy Scientific Discovery, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: $2.5 million (the “ Minimum Stockholders’ Equity Requirement ”). As reported in its Form 10-Q, the Company’s stockholders’ equity as of December 31, 2023, was approximately $81,158. In addition, the Company did not meet the alternatives of market value of listed securities or net income from continuing operations as of the date of the Letter. In accordance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865127/000121390024016520/0001213900-24-016520-index.htm

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