Bleichroeder LP's Form 4 filing
Scientific Industries IncSCND · filed Dec 15, 2023
- Accession no.
- 0001781002-23-000050
- Filed
- Dec 15, 2023
- Trade date
- Dec 13, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction and 5 derivative transactions. Open-market purchases total $1.20M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bleichroeder LPCIK 0001781002 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2023 | Common Stock | PPurchaseAcquired | +600,000 | $2.00F1 | +$1,200,000 | 1,203,351 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 13, 2023 | Common Stock | JOtherDisposed | −278,947 | –F3 | – | 0 | Indirect | |
| Dec 13, 2023 | Common Stock | JOtherAcquired | +278,947 | –F3 | – | 278,947 | Indirect | |
| Dec 13, 2023 | Common Stock | JOtherDisposed | −22,728 | –F3 | – | 0 | Indirect | |
| Dec 13, 2023 | Common Stock | JOtherAcquired | +22,728 | –F3 | – | 22,728 | Indirect | |
| Dec 13, 2023 | Common Stock | PPurchaseAcquired | +960,000 | –F1 | – | 960,000 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- 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.
Referenced by the price of 4 transactions in Table II.