SCIENTIFIC INDUSTRIES INC (SCND): M&A transaction — Scientific Industries sells Genie Division for $9.6M plus up to $1.5M earn-out

SCIENTIFIC INDUSTRIES INC

Sold substantially all Genie Division assets (benchtop lab equipment) to Troemner, LLC for $9.6M base plus up to $1.5M earn-out.
Company will continue operating its Torbal Division from Bohemia, NY.
Earn-out includes up to $1.14M tied to supply and transition services under separate agreements.
Supply agreement: at least 6 months initial, renewable up to 12 months.
Transaction closed on August 7, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SCIENTIFIC INDUSTRIES INC completed a disposition involving Troemner, LLC for $9,600,000 minus certain working capital adjustments, plus an earn-out of up to an aggregate of $1,500,000 (closed 2025-08-07).

Action: disposition
Counterparty: Troemner, LLC
Consideration: $9,600,000 minus certain working capital adjustments, plus an earn-out of up to an aggregate of $1,500,000
Closing: 2025-08-07

Exact text from the filing

Benchtop Laboratory Equipment consisting primarily of the Genie line of products and related fixed assets, inventory, and intellectual property. The purchase price consisted of $9,600,000 minus certain working capital adjustments, plus an earn-out of up to an aggregate of $1,500,000, of which $1,140,000 is payable on the Company’s performance of certain supply and

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Source: SEC EDGAR

accession 0001654954-25-009352

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