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.
- 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
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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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SCIENTIFIC INDUSTRIES INC entered into Asset Purchase Agreement with Troemner, LLC valued at $9,600,000 (effective 2025-08-07).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Troemner, LLC
- Value
- $9,600,000
- Effective
- 2025-08-07
Exact text from the filing
Scientific Industries, Inc. (the “Company”), a Delaware corporation, entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Troemner, LLC, a Delaware limited company (the “Purchaser”), pursuant to which the Company sold and the Purchaser purchased substantially all of the assets of the Company’s Genie Division
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