SCHEDULE: North Run Group Discloses 9.99% Stake in Scientific Industries
Beneficial Ownership Report
North Run Capital and affiliated entities have reported a 9.99% beneficial ownership stake in Scientific Industries, Inc., comprising common stock and exercisable warrants.
Summary
- North Run Capital, LP, North Run Advisors, LLC, North Run Due North Partners, LP, North Run GP, LP, Todd B. Hammer, Thomas B. Ellis, and Michael Bosco (collectively, the "Reporting Persons") beneficially own an aggregate of 1,189,632 shares of Scientific Industries, Inc. Common Stock.
- This beneficial ownership represents 9.99% of the outstanding Common Stock of Scientific Industries, Inc.
- The total beneficial ownership consists of 835,000 shares of Common Stock and 354,632 warrants exercisable to purchase shares of Common Stock within 60 days.
- The Reporting Persons hold an aggregate of 1,070,000 warrants to purchase Common Stock, but only 354,632 are currently exercisable due to beneficial ownership limitations.
- The percentage of class was calculated based on 11,553,599 shares of Common Stock outstanding as of May 13, 2025, as reported in the Issuer's Form 10-Q, plus shares acquirable within 60 days subject to limitations.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, which is neutral in sentiment. It reports a significant stake but does not contain positive or negative operational or financial news.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of institutional ownership, indicating a significant stake held by North Run Capital and its affiliates in Scientific Industries, Inc. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake (9.99%) by North Run Capital and its affiliates may signal confidence from a large investor, potentially influencing market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 05/13/2025 | Date of Issuer's Form 10-Q filing, stating 11,553,599 shares of Common Stock outstanding. |
| 06/30/2025 | Date of event which requires the filing of this statement (snapshot date for beneficial ownership). |
| 08/13/2025 | Date of filing of Amendment No. 3 to Schedule 13G. |
Keywords
Scientific Industries Inc., North Run Capital, Beneficial Ownership, Schedule 13G, Common Stock, Warrants, Institutional Ownership
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