SCHEDULE: Pessin Family Increases Stake in Scientific Industries

Three members of the Pessin family, including Brian L. Pessin and Norman H. Pessin, increased their beneficial ownership in Scientific Industries Inc., citing undervaluation.

Summary

• Brian L. Pessin, Norman H. Pessin, and Sandra F. Pessin collectively hold a significant stake in Scientific Industries Inc.
• Brian L. Pessin beneficially owns 397,531 shares, representing 3.3% of the common stock, including warrants to purchase 146,316 shares.
• Norman H. Pessin beneficially owns 570,000 shares, representing 4.7% of the common stock, including warrants to purchase 130,000 shares.
• Sandra F. Pessin beneficially owns 466,507 shares, representing 3.9% of the common stock, including warrants to purchase 233,253 shares.
• On August 21, 2025, Brian L. Pessin purchased 100,000 shares at $1.00 per share, and Norman H. Pessin purchased 220,000 shares at $1.00 per share.
• These recent transactions were effected through the exercise of warrants acquired in a private placement on April 17, 2025.
• The aggregate purchase price for Brian L. Pessin's shares is approximately $714,462.09, for Norman H. Pessin's shares is approximately $700,000, and for Sandra F. Pessin's shares is approximately $2,249,998.75.
• All shares were acquired using personal funds.
• The Reporting Persons believe the shares were undervalued and represented an attractive investment opportunity at the time of purchase.

Sentiment

Score: 7

Explanation: The sentiment is positive due to significant insider buying and the explicit statement that the shares were considered undervalued. This indicates confidence from key investors.

Positives

• Significant insider buying by key individuals, indicating confidence in the company's future prospects.
• The Reporting Persons explicitly state their belief that the shares were undervalued, suggesting potential upside.
• The acquisition of shares through warrant exercises at a specific price ($1.00) provides a clear entry point for these investors.

Risks

• The Reporting Persons explicitly state they may decrease their position by selling shares, which could put downward pressure on the stock price.
• Their future actions are dependent on various factors, including market conditions and the Issuer's financial position, introducing uncertainty.

Future Outlook

The Reporting Persons intend to review their investment on a continuing basis and may increase or decrease their position, engage with management and the Board of Directors, make proposals concerning capitalization or operations, or sell shares, depending on market conditions, the Issuer's financial position, and other investment opportunities.

Industry Context

This filing indicates a significant vote of confidence from individual investors, potentially signaling a belief in the company's long-term value proposition. Such insider activity can sometimes precede strategic shifts or improved performance, though it does not guarantee them.

Related Party Transactions

• The Reporting Persons (Brian L. Pessin, Norman H. Pessin, and Sandra F. Pessin) are members of the same family, indicating a coordinated investment approach.

Stakeholder Impact

• Shareholders: The increased stake by the Pessin family, coupled with their belief in undervaluation, could be seen as a positive signal, potentially boosting investor confidence. However, their stated intent to potentially sell shares in the future introduces uncertainty.
• Management/Board: The Reporting Persons' stated intention to potentially engage with management and the Board of Directors, and even make proposals, suggests a potential for increased shareholder activism or influence on strategic decisions.

Next Steps

• Reporting Persons may increase or decrease their position in the Issuer.
• They may engage in discussions with management and the Board of Directors.
• They may make proposals concerning changes to the capitalization or operations of the Issuer.
• They may engage in short selling or hedging transactions with respect to the shares.

Key Dates

Recommendation

While the insider buying and belief in undervaluation are positive signals, the filing primarily reports a change in beneficial ownership and does not provide new operational or financial performance data. The stated intent of the reporting persons to potentially sell shares or engage in activism introduces a degree of uncertainty. Therefore, a 'hold' recommendation is appropriate, awaiting further company-specific news or strategic developments.

Keywords

Scientific Industries Inc., SCIH, Schedule 13D, Insider Buying, Shareholder Activism, Warrant Exercise, Investment Opportunity, Undervalued Stock