---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-041389"
form_type: "8-K"
ticker: null
cik: "0001865127"
company_name: "Lucy Scientific Discovery, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:08:53.188647+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Nasdaq to suspend trading of Lucy Scientific on May 16; CFO and director resign

## Summary
- Nasdaq to suspend trading of LSDI common shares on May 16, 2024 due to stockholders' equity of ~$81k, below $2.5M minimum.
- Company plans to appeal delisting determination to Nasdaq Hearings Panel; hearing will stay suspension pending outcome.
- Director Livio Susin resigned effective April 25, 2024; no disagreement cited.
- CFO Brian Zasitko resigned effective May 17, 2024; CEO Richard Nanula remains.

## SEC filing metadata
- accession: 0001213900-24-041389
- form_type: 8-K
- cik: 0001865127
- company_name: Lucy Scientific Discovery, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865127/000121390024041389/0001213900-24-041389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865127/000121390024041389/ea0205666-8k_lucy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-041389
- JSON: https://secwatch.observer/filing/0001213900-24-041389.json
- Plain text: https://secwatch.observer/filing/0001213900-24-041389.txt

## Key facts
- Listing & Compliance Notices
  Lucy Scientific Discovery, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: delisting 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. On May 7,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865127/000121390024041389/0001213900-24-041389-index.htm
- Executive change
  Livio Susin resigned as Director at Lucy Scientific Discovery, Inc..
  - Action: resigned
  - Role: Director
  source text: On April 25, 2024, Livio Susin, a member of the Board of Directors of the Company, resigned, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865127/000121390024041389/0001213900-24-041389-index.htm
- Executive change
  Brian Zasitko resigned as Chief Financial Officer at Lucy Scientific Discovery, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On May 3, 2024, Brian Zasitko, Chief Financial Officer of the Company, resigned, effective May 17, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865127/000121390024041389/0001213900-24-041389-index.htm

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