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
  1. 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.
  2. 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.
  3. 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.