Form 8-K - Current report
27 2월 2024 - 11:14PM
Edgar (US Regulatory)
false
0001865127
0001865127
2024-02-22
2024-02-22
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 22, 2024
LUCY SCIENTIFIC DISCOVERY, INC.
(Exact name of registrant as specified in its charter)
British Columbia, Canada |
|
001-41616 |
|
98-1776120 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
301-1321 Blanshard Street
Victoria, British Columbia, Canada V8W 086
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code: (778) 410-5195
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to 12(b) of the
Act:
Title of class |
|
Trading symbol |
|
Name of exchange on which registered |
Common Shares, no par value |
|
LSDI |
|
NASDAQ Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Items.
Reverse Stock Split
On February 26, 2024, at market open (the “Effective
Date”), a one-for-ten (1-10) reverse stock split (the “Reverse Stock Split”) of Lucy Scientific Discovery
Inc.’s (the “Company”) common shares, no par value per share (the “Common Shares”) took effect.
On the Effective Date, every 10 issued and outstanding Common Shares converted automatically into one Common Share. On the Effective
Date, the Common Shares began trading on a split-adjusted basis on the Nasdaq Capital Market under the Company’s existing trading
symbol “LSDI.” In conjunction with the Reverse Stock Split, the new CUSIP number is 54960E203.
Pursuant to British Columbia law, no change to the Company’s
charter documents was required to effect the Reverse Stock Split.
The Company effected the Reverse Stock Split in an effort to regain
compliance with the $1.00 minimum bid price required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).
Contract Expiration of Dr. Assad J. Kazeminy
In accordance with the disclosure in the Company’s Form
10-K for the year ended June 30, 2023, the Company’s agreement with AJK Biopharmaceutical LLC – Canadian Consulting Series,
a limited liability company (the “Agreement”), the principal for which is Assad J. Kazeminy, Ph.D., who, pursuant to the Agreement,
had been serving as Chief Scientific Officer (a named executive officer) of the Company, has expired after a three-year term, effective
February 22, 2024. No further action or arrangement has been made in relation to this expiration.
Item 9.01. Exhibits.
(d) Exhibits
Exhibit
Number |
|
Description |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 27, 2024
Lucy Scientific Discovery, Inc. |
|
|
|
/s/ Richard Nanula |
|
Richard Nanula |
|
Chief Executive Officer |
|
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Feb. 22, 2024 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
Feb. 22, 2024
|
Entity File Number |
001-41616
|
Entity Registrant Name |
LUCY SCIENTIFIC DISCOVERY, INC.
|
Entity Central Index Key |
0001865127
|
Entity Tax Identification Number |
98-1776120
|
Entity Incorporation, State or Country Code |
A1
|
Entity Address, Address Line One |
301-1321 Blanshard Street
|
Entity Address, Address Line Two |
Victoria
|
Entity Address, City or Town |
British Columbia
|
Entity Address, Country |
CA
|
Entity Address, Postal Zip Code |
V8W 086
|
City Area Code |
778
|
Local Phone Number |
410-5195
|
Written Communications |
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Soliciting Material |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Title of 12(b) Security |
Common Shares, no par value
|
Trading Symbol |
LSDI
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Security Exchange Name |
NASDAQ
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Entity Emerging Growth Company |
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Lucy Scientific Discovery (NASDAQ:LSDI)
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