---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-015945"
form_type: "8-K"
ticker: "SCND"
cik: "0000087802"
company_name: "SCIENTIFIC INDUSTRIES INC"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:37:55.193104+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Scientific Industries raises $1.0M in private placement of common stock and warrants

## Summary
- Sold 503,536 Units (common stock and warrants) on Dec 19-20, 2023 for total consideration of $1,007,072.
- Existing investors received replacement warrants with reduced exercise price of $2.50 and five-year extension.
- Placement agent to receive warrants to purchase 25,177 shares of common stock at $2.00 per share.
- Net proceeds will be used for working capital needs of the Bioprocessing Systems Operations.

## SEC filing metadata
- accession: 0001654954-23-015945
- form_type: 8-K
- ticker: SCND
- cik: 0000087802
- company_name: SCIENTIFIC INDUSTRIES INC
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/87802/000165495423015945/0001654954-23-015945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/87802/000165495423015945/scnd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-015945
- JSON: https://secwatch.observer/filing/0001654954-23-015945.json
- Plain text: https://secwatch.observer/filing/0001654954-23-015945.txt

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