SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
NORTH RUN CAPITAL, LP

(Last) (First) (Middle)
867 BOYLSTON STREET
5TH FLOOR, #1361

(Street)
BOSTON MA 02116

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/13/2024
3. Issuer Name and Ticker or Trading Symbol
SCIENTIFIC INDUSTRIES INC [ SCND ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 575,000 I See footnotes(1)(2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Purchase Warrants (Right to Buy) 12/13/2023 12/13/2028 Common Stock 920,000 $2.5 I See footnotes(1)(2)
1. Name and Address of Reporting Person*
NORTH RUN CAPITAL, LP

(Last) (First) (Middle)
867 BOYLSTON STREET
5TH FLOOR, #1361

(Street)
BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
NORTH RUN ADVISORS, LLC

(Last) (First) (Middle)
867 BOYLSTON STREET
5TH FLOOR, #1493

(Street)
BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
ELLIS THOMAS B

(Last) (First) (Middle)
867 BOYLSTON STREET, 5TH FLOOR
#1361

(Street)
BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
HAMMER TODD B

(Last) (First) (Middle)
NORTH RUN CAPITAL PARTNERS
867 BOYLSTON ST., 5TH FLOOR, #1361

(Street)
BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The reported securities are directly held by North Run - Due North Partners, LP and may be deemed to be indirectly beneficially owned by North Run Capital, LP as the investment manager of North Run - Due North Partners, LP. The reported securities may also be deemed to be indirectly beneficially owned by North Run Advisors, LLC, the general partner of North Run Capital, LP, and Thomas B. Ellis and Todd B. Hammer, as members of North Run Advisors, LLC.
2. North Run Capital, LP, North Run Advisors, LLC, Thomas B. Ellis and Todd B. Hammer disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein, and this report shall not be deemed an admission that any of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
North Run Capital, LP, By: North Run Advisors, LLC, By: /s/ Thomas B. Ellis, Member 02/13/2024
North Run Advisors, LLC, By: /s/ Thomas B. Ellis, Member 02/13/2024
/s/ Thomas B. Ellis 02/13/2024
/s/ Todd B. Hammer 02/13/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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