SCHEDULE 13G/A: Thomas Satterfield Jr. Discloses 9.9% Beneficial Ownership in Scientific Industries, Inc.
Schedule 13G Amendment
Thomas A. Satterfield, Jr. has filed an amended Schedule 13G, disclosing a beneficial ownership of 9.9% of Scientific Industries, Inc.'s common stock as of December 31, 2024.
Summary
- Thomas A. Satterfield, Jr. reported beneficial ownership of 1,138,055 shares of Scientific Industries, Inc. common stock.
- This ownership represents 9.9% of the issuer's common stock outstanding as of November 13, 2024, which was reported as 10,503,599 shares.
- The reported beneficial ownership includes 191,984 warrants that are exercisable.
- An additional 145,000 warrants are held, but their exercise is subject to a 'Beneficial Ownership Blocker' which limits ownership to 4.99% (or 9.99% upon election with a 61-day delay).
- Shares are held through various entities controlled by Mr. Satterfield, including Tomsat Investment & Trading Co., Inc. (141,675 common shares, 50,837 warrants, 40,000 additional warrants), A.G. Family L.P. (306,449 common shares, 101,674 warrants, 75,000 additional warrants), and Caldwell Mill Opportunity Fund, LLC (244,000 common shares).
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would significantly alter sentiment regarding the company's operational or financial performance. It is a routine regulatory filing.
Positives
- The reporting person certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, indicating stability for current management and corporate direction.
Risks
- The exercise of 145,000 additional warrants is subject to a 'Beneficial Ownership Blocker', which prevents the holder from exceeding a 4.99% (or 9.99% upon election) ownership threshold immediately after exercise, potentially limiting the investor's ability to increase their stake rapidly.
Future Outlook
The document primarily details current beneficial ownership and does not provide forward-looking statements or guidance regarding Scientific Industries, Inc.'s business operations or financial performance. It only notes the potential future exercise of additional warrants subject to a beneficial ownership limitation.
Industry Context
This filing is a routine disclosure of beneficial ownership by a significant shareholder and does not contain information related to broader industry trends or competitive analysis for Scientific Industries, Inc.
Stakeholder Impact
- Shareholders: The filing indicates a significant, but passive, ownership stake by Thomas A. Satterfield, Jr., which may provide a degree of stability given the certification that the shares are not held to influence control.
Key Dates
| Date | Description |
|---|---|
| 11/13/2024 | Date as of which Scientific Industries, Inc. reported 10,503,599 shares of common stock outstanding in its Quarterly Report on Form 10-Q. |
| 12/31/2024 | Date of event which required the filing of this statement. |
| 02/12/2025 | Date the Schedule 13G Amendment No. 3 was signed and filed. |
Keywords
Scientific Industries Inc., Thomas A. Satterfield Jr., Schedule 13G, beneficial ownership, common stock, SEC filing, warrants, institutional investor
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.