secwatch.observer — SEC 8-K summary
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Issuer:     SCIENTIFIC INDUSTRIES INC (SCND)
CIK:        0000087802
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001654954-23-015577
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87802/000165495423015577/0001654954-23-015577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87802/000165495423015577/scnd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-015577

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