{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-015577","form_type":"8-K","ticker":"SCND","cik":"0000087802","company_name":"SCIENTIFIC INDUSTRIES INC","filed_at":"2023-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.219527+00:00","generated_at":"2026-06-07T12:24:04.006356+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Scientific Industries closes $5.28M private placement; issues units at $2.00 with warrants at $2.50","bullets":["Sold 2,638,076 Units at $2.00 each for total proceeds of $5,276,152 in initial closing on Dec 13, 2023.","Each Unit comprises one common share and a warrant to purchase additional shares at $2.50 per share.","Existing investors received replacement warrants for 1,257,331 shares with exercise price reduced to $2.50 and term extended to 5 years.","Placement agent received warrants to purchase 131,904 shares at $2.00 per share.","Net proceeds will fund working capital for the Bioprocessing Systems Operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-015577","json":"https://secwatch.observer/filing/0001654954-23-015577.json","markdown":"https://secwatch.observer/filing/0001654954-23-015577.md","text":"https://secwatch.observer/filing/0001654954-23-015577.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/87802/000165495423015577/0001654954-23-015577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/87802/000165495423015577/scnd_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T12:24:04.006356+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aecd1ea84168ee3eb84031cd9b5e378127977df8","claim":"SCIENTIFIC INDUSTRIES INC entered into Securities Purchase Agreement with certain investors valued at aggregate purchase price of $7,000,000 (effective 2023-12-13).","evidence_excerpt":"On December 13, 2023, Scientific Industries, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain investors (the “Investors”) pursuant to which the Investors agreed to subscribe and purchase up to 3,500,000 Units at a price per Unit of $2.00, or an aggregate purchase price of $7,000,000 at one or more closings","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/87802/000165495423015577/0001654954-23-015577-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain investors"},{"label":"Value","value":"aggregate purchase price of $7,000,000"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}