SC 13G: SCIENTIFIC INDUSTRIES INC

AI Summary

SC 13G filing by SCIENTIFIC INDUSTRIES INC.

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.05 — ame of Issuer) Common Stock, par value $0.05 per share (Title of Class of Securitie

Filing Documents

• form_sc13g-scientific.htm (SC 13G) — 125KB
• 0001011438-24-000259.txt ( ) — 127KB

(a)

Item 1(a) Name of Issuer. Scientific Industries, Inc.

(b)

Item 1(b) Address of Issuer's Principal Executive Offices. 80 Orville Drive, Suite 102 Bohemia, New York 11716

(a)

Item 2(a) Name of Person Filing. (1) North Run Capital, LP (2) North Run Advisors, LLC (3) Todd B. Hammer (4) Thomas B. Ellis

(b)

Item 2(b) Address of Principal Business Office, or, if none, Residence. For all Filers: 867 Bolyston St. 5th Floor #1361 Boston, MA 02116

(c)

Item 2(c) Citizenship or Place of Organization. (1) North Run Capital, LP is a Delaware limited partnership. (2) North Run Advisors, LLC is a Delaware limited liability company. (3) Todd B. Hammer is a U.S. citizen. (4) Thomas B. Ellis is a U.S. citizen.

(d)

Item 2(d) Title of Class of Securities. Common Stock, par value $0.05 par share.

(e)

Item 2(e) CUSIP Number. 808757108 Item 3 Reporting Person. Inapplicable Item 4 (a) The Investment Manager, North Run, Todd B. Hammer and Thomas B. Ellis may be deemed the beneficial owners of 1,495,000 shares of Common Stock. This amount consists of (i) 575,000 shares of Common Stock and (ii) warrants exercisable to purchase 920,000 shares of Common Stock. (b) The Investment Manager, North Run, Todd B. Hammer and Thomas B. Ellis may be deemed the beneficial owners of 13.1% of the outstanding shares of Common Stock. This percentage was determined by dividing 1,495,000 by the sum of (i) 7,003,599, which is the number of shares of Common Stock outstanding as of November 13, 2023, according to the Issuer's Form 10-Q filed on November 14, 2023 with the Securities and Exchange Commission ("SEC"), (ii) 2,638,076, the number of shares of Common Stock issued on December 13, 2023, according to the Issuer's Form 8-K filed on December 15, 2023 with the SEC, (iii) 432,935, the number of shares of Common Stock issued on December 19, 2023, according to the Issuer's Form 8-K filed on December 22, 2023 with the SEC, (iv) 70,601, the number of shares of Common Stock issued on December 20, 2023, according to the Issuer's Form 8-K filed on December 22, 2023 with the SEC, (v) 358,388, the number of shares of Common Stock issued on January 17, 2024, according to the Issuer's Form 8-K filed on January 22, 2024 with the SEC, and (vi) 920,000, the number of warrants exercisable to purchase shares of Common Stock held by the Funds. (c) The Investment Manager, North Run, Todd B. Hammer and Thomas B. Ellis have the shared power to vote and dispose of the 1,495,000 shares of Common Stock beneficially owned. Item 5 Inapplicable. Item 6 Inapplicable. Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported O

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