secwatch.observer — SEC 8-K summary
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Issuer:     SCIENTIFIC INDUSTRIES INC (SCND)
CIK:        0000087802
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001654954-24-000793
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87802/000165495424000793/0001654954-24-000793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87802/000165495424000793/scnd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-000793

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