secwatch.observer — SEC 8-K summary
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Issuer:     SCIENTIFIC INDUSTRIES INC (SCND)
CIK:        0000087802
Form:       8-K/A
Filed at:   2021-07-12T23:59:59+00:00
Accession:  0001654954-21-007818
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scientific Industries provides pro forma financials for $7.9M aquila biolabs acquisition
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- Total consideration of €6.5M ($7.9M) for all outstanding shares of aquila biolabs GmbH, a German bioprocessing company.
- Pro forma net loss for nine months ended March 31, 2021: $2.6M, vs Scientific's historical loss of $1.7M.
- Pro forma net loss for year ended June 30, 2020: $1.65M, vs Scientific's historical loss of $0.7M.
- Goodwill of $3.85M and intangibles of $2.52M recorded; amortization will impact future results.
- Acquisition funded by sale of ~1.6M shares and warrants at $4.75/share, raising $7.58M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87802/000165495421007818/0001654954-21-007818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87802/000165495421007818/form8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-007818

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer