secwatch.observer — SEC 8-K summary
======================================

Issuer:     SCIENTIFIC INDUSTRIES INC (SCND)
CIK:        0000087802
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001654954-23-015945
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87802/000165495423015945/0001654954-23-015945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87802/000165495423015945/scnd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-015945

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