Bleichroeder LP - Dec 13, 2023 Form 4 Insider Report for SCIENTIFIC INDUSTRIES INC (SCND)

Role: 10%+ Owner
Signature: Michael M. Kellen, Chairman and CO-CEO of Bleichroeder LP
Stock symbol: SCND
Transactions as of: Dec 13, 2023
Transactions value $: $1,200,000
Form type: 4
Date filed: 12/15/2023, 04:39 PM
Previous filing: Dec 4, 2023
Next filing: Mar 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCND	Common Stock	Purchase	$1.2M	+600K	+99.44%	$2.00	1.2M	Dec 13, 2023	See footnote	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SCND	Warrants to Purchase Common Stock	Other		-279K	-100%		0	Dec 13, 2023	Common Stock	279K	$9.50	See footnote	F2, F3
transaction	SCND	Warrants to Purchase Common Stock	Other		+279K			279K	Dec 13, 2023	Common Stock	279K	$2.50	See footnote	F2, F3
transaction	SCND	Warrants to Purchase Common Stock	Other		-22.7K	-100%		0	Dec 13, 2023	Common Stock	22.7K	$5.50	See footnote	F2, F3
transaction	SCND	Warrants to Purchase Common Stock	Other		+22.7K			22.7K	Dec 13, 2023	Common Stock	22.7K	$2.50	See footnote	F2, F3
transaction	SCND	Warrants to Purchase Common Stock	Purchase		+960K			960K	Dec 13, 2023	Common Stock	960K	$2.50	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.