Filing Details
- Accession Number:
- 0001781002-23-000050
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-15 16:39:58
- Reporting Period:
- 2023-12-13
- Accepted Time:
- 2023-12-15 16:39:58
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
87802 | Scientific Industries Inc | SCND | Laboratory Analytical Instruments (3826) | 042217279 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1781002 | Bleichroeder Lp | 1345 Avenue Of The Americas 47Th Floor New York NY 10105 | No | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2023-12-13 | 600,000 | $2.00 | 1,203,351 | No | 4 | P | Indirect | See footnote |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | See footnote |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Warrants to Purchase Common Stock | Disposition | 2023-12-13 | 278,947 | $0.00 | 278,947 | $9.50 |
Common Stock | Warrants to Purchase Common Stock | Acquisiton | 2023-12-13 | 278,947 | $0.00 | 278,947 | $2.50 |
Common Stock | Warrants to Purchase Common Stock | Disposition | 2023-12-13 | 22,728 | $0.00 | 22,728 | $5.50 |
Common Stock | Warrants to Purchase Common Stock | Acquisiton | 2023-12-13 | 22,728 | $0.00 | 22,728 | $2.50 |
Common Stock | Warrants to Purchase Common Stock | Acquisiton | 2023-12-13 | 960,000 | $0.00 | 960,000 | $2.50 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2021-06-18 | 2026-06-18 | No | 4 | J | Indirect |
278,947 | 2023-12-13 | 2028-12-13 | No | 4 | J | Indirect |
0 | 2022-03-02 | 2027-03-02 | No | 4 | J | Indirect |
22,728 | 2023-12-13 | 2028-12-13 | No | 4 | J | Indirect |
960,000 | 2023-12-13 | 2028-12-13 | No | 4 | P | Indirect |
Footnotes
- On December 13, 2023, 21 April Fund, Ltd., 21 April Fund, LP and Scientific Industries Inc. (the "Issuer") entered into an agreement (the "Securities Purchase Agreement") under which 21 April Fund, Ltd. and 21 April Fund, LP purchased from the Issuer, for an aggregate purchase price of $1,200,000, 600,000 shares of Common Stock and warrants to acquire 960,000 shares of Common Stock at an exercise price of $2.50 per share.
- This form is filed by Bleichroeder LP. Bleichroeder LP serves as registered investment adviser to 21 April Fund, Ltd., 21 April Fund, LP and other managed accounts. Bleichroeder LP disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.
- On December 13, 2023, the Issuer amended the terms of (x) the 278,947 warrants with an exercise price of $9.50 per share and (y) the 22,728 warrants with an exercise price of $5.50 per share to, among other things, (i) reduce the exercise price to $2.50 and (ii) extend their exercise period to the fifth anniversary of the amendment of the warrants.