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.

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