---
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"
generated_at: "2026-06-07T12:24:04.006356+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Scientific Industries closes $5.28M private placement; issues units at $2.00 with warrants at $2.50

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-015577
- JSON: https://secwatch.observer/filing/0001654954-23-015577.json
- Plain text: https://secwatch.observer/filing/0001654954-23-015577.txt

## Key facts
- Material Agreements
  SCIENTIFIC INDUSTRIES INC entered into Securities Purchase Agreement with certain investors valued at aggregate purchase price of $7,000,000 (effective 2023-12-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors
  - Value: aggregate purchase price of $7,000,000
  - Effective: 2023-12-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/87802/000165495423015577/0001654954-23-015577-index.htm

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