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SCIENTIFIC INDUSTRIES, INC.

(SCND)
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SCIENTIFIC INDUSTRIES : Completion of Acquisition or Disposition of Assets (form 8-K/A)

07/12/2021 | 04:58pm EDT

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

As previously reported, on April 28, 2021, Scientific Bioprocessing Holdings, Inc. ("Bioprocessing"), a wholly-owned subsidiary of Scientific Industries, Inc. (the "Company), entered into an Agreement on the Sale and Transfer of all Shares in aquila biolabs GMBH (the "Acquisition Agreement") with each of the owners (the "Sellers") of the share capital of aquila biolabs GMBH ("aquila") pursuant to which Bioprocessing agreed to purchase and the Sellers agreed to sell all the outstanding share capital of aquila (the "Acquisition"). The closing of the purchase and sale (the "Closing") occurred on April 29, 2021. The aggregate consideration paid for the share capital of aquila was € 6,499,063 (US$7,880,114). The Acquisition Agreement contains customary conditions, representations, warranties, indemnities and covenants by, among, and for the benefit of the parties

This amendment to the Company's Report on Form 8-K filed on April 30, 2021 is being filed to provide the financial statements required in connection with Bioprocessing's acquisition on April 29, 2021 of all the shares in aquila from each of the Sellers. (See Item 9.01).

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Financials (USD)
Sales 2022 12,5 M - -
Net income 2022 -7,70 M - -
Net Debt 2022 - - -
P/E ratio 2022 -4,96x
Yield 2022 -
Capitalization 43,9 M 43,9 M -
Capi. / Sales 2022 3,51x
Capi. / Sales 2023 2,53x
Nbr of Employees -
Free-Float 49,5%
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Last Close Price 6,79 
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Managers and Directors
Helena R. Santos President, CEO, CFO, Treasurer & Director
John A. Moore Chairman
Reinhard Vogt Independent Director
Joseph G. Cremonese Chairman-Emeritus
Marcus H. Frampton Director
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