secwatch.observer — SEC 8-K summary
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Issuer:     SCIENTIFIC INDUSTRIES INC (SCND)
CIK:        0000087802
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001654954-22-002369
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scientific Industries raises $3M via PIPE; sells 549,456 shares + warrants at $5.50/share
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- Sold 549,456 shares of common stock and warrants for 274,727 additional shares at $5.50/share, gross proceeds $3,000,008.
- Warrants immediately exercisable at $5.50, expire in 5 years; forced exercise if stock > $11.00 for 30 consecutive days after 12 months.
- Company to file registration statement within 90 days for resale of shares and warrant shares.
- Net proceeds to be used for working capital needs.
- Offering exempt from registration under Section 4(2) of Securities Act; private placement to accredited investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87802/000165495422002369/0001654954-22-002369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87802/000165495422002369/a8k_2022.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-002369

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