Scientific Industries completes $7M private placement, issues shares and warrants

SCIENTIFIC INDUSTRIES INC

Final closing of private placement: sold 358,388 Units for $716,776; total offering 3.5M Units for $7M.
Each Unit consists of one common share and a warrant; aggregate warrants cover 4.535M shares.
Existing investors received replacement warrants for 333,884 shares; exercise price reduced to $2.50, term extended to Dec 2028.
Net proceeds to fund working capital for Bioprocessing Systems Operations.
Placement agent to receive warrants for 17,919 shares at $2.00 per share.

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