Scientific Industries, Inc. (SCND) received an Amendment No. 4 to Schedule 13G from North Run entities and affiliates reporting beneficial ownership of 1,189,632 shares of common stock, equal to 9.99% of the class.
The reported amount includes 835,000 common shares and 354,632 warrants that are exercisable within 60 days. As of September 30, 2025, the reporting group held an aggregate of 920,000 warrants, but only 354,632 are currently exercisable due to beneficial ownership limitations. The percentage was calculated using 11,553,599 shares outstanding as of August 19, 2025.
The reporting persons have shared voting and dispositive power over the 1,189,632 shares and no sole power. They certified the securities were not acquired for the purpose of changing or influencing control.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Scientific Industries, Inc.
(Name of Issuer)
Common Stock, par value $0.05 per share
(Title of Class of Securities)
808757108
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
North Run Capital, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
North Run Advisors, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
Todd B. Hammer
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
Thomas B. Ellis
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
Michael Bosco
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
North Run - Due North Partners, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
808757108
1
Names of Reporting Persons
North Run GP, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,189,632.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,189,632.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,632.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Scientific Industries, Inc.
(b)
Address of issuer's principal executive offices:
80 Orville Drive, Suite 102, Bohemia, New York 11716
Item 2.
(a)
Name of person filing:
This Amendment No. 4 to Schedule 13G (this "Amendment") is being filed on behalf of North Run Capital, LP, a Delaware limited partnership (the "Investment Manager"), North Run Advisors, LLC, a Delaware limited liability company ("North Run"), North Run - Due North Partners, LP, a Delaware limited partnership ("Due North"), North Run GP, LP, a Delaware limited partnership (the "GP"), Todd B. Hammer, Thomas B. Ellis and Michael Bosco (collectively, the "Reporting Persons"). The Investment Manager is the investment manager of certain private pooled investment vehicles, including Due North. Todd B. Hammer, Thomas B. Ellis and Michael Bosco are the limited partners of Due North. This Amendment relates to shares of Common Stock, par value $0.05 per share (the "Common Stock"), of Scientific Industries, Inc., a Delaware corporation (the "Issuer"), held by the Due North.
(b)
Address or principal business office or, if none, residence:
For all Filers: 867 Boylston St., 5th Floor #1361, Boston, MA 02116.
(c)
Citizenship:
(1) North Run Capital, LP is a Delaware limited partnership.
(2) North Run Advisors, LLC is a Delaware limited liability company.
(3) Todd B. Hammer is a U.S. citizen.
(4) Thomas B. Ellis is a U.S. citizen.
(5) Michael Bosco is a U.S. citizen.
(6) North Run - Due North Partners, LP is a Delaware limited partnership.
(7) North Run GP, LP is a Delaware limited partnership.
(d)
Title of class of securities:
Common Stock, par value $0.05 per share
(e)
CUSIP No.:
808757108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The Investment Manager, North Run, Todd B. Hammer, Thomas B. Ellis, Michael Bosco, Due North and the GP may be deemed the beneficial owners of 1,189,632 shares of Common Stock. This amount consists of (i) 835,000 shares of Common Stock and (ii) 354,632 warrants exercisable to purchase shares of Common Stock. As of September 30, 2025, the Reporting Persons hold an aggregate of 920,000 warrants to purchase Common Stock. However, due to beneficial ownership limitations, only 354,632 of such warrants are exercisable within 60 days.
(b)
Percent of class:
The Investment Manager, North Run, Todd B. Hammer, Thomas B. Ellis, Michael Bosco, Due North and the GP may be deemed the beneficial owners of 9.99% of the outstanding shares of Common Stock. This percentage was determined by dividing 1,189,632 by 11,553,599, which is the number of shares of Common Stock outstanding as of August 19, 2025, according to the Issuer's Form 10-Q filed on August 19, 2025 with the Securities and Exchange Commission, plus shares that may be acquired by such Reporting Persons within 60 days subject to beneficial ownership limitations.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Not applicable.
(ii) Shared power to vote or to direct the vote:
The Investment Manager, North Run, Todd B. Hammer, Thomas B. Ellis, Michael Bosco, Due North and the GP have the shared power to vote the 1,189,632 shares of Common Stock beneficially owned.
(iii) Sole power to dispose or to direct the disposition of:
Not applicable.
(iv) Shared power to dispose or to direct the disposition of:
The Investment Manager, North Run, Todd B. Hammer, Thomas B. Ellis, Michael Bosco, Due North and the GP have the shared power to dispose of the 1,189,632 shares of Common Stock beneficially owned.
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
North Run Capital, LP
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher / Attorney-in-Fact for Thomas B. Ellis and Todd B. Hammer, Members of General Partner
Date:
11/13/2025
North Run Advisors, LLC
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher / Attorney-in-Fact for Thomas B. Ellis and Todd B. Hammer, Members
Date:
11/13/2025
Todd B. Hammer
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher / Attorney-in-Fact
Date:
11/13/2025
Thomas B. Ellis
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher / Attorney-in-Fact
Date:
11/13/2025
Michael Bosco
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher / Attorney-in-Fact
Date:
11/13/2025
North Run - Due North Partners, LP
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher/ Attorney-in-Fact for Thomas B. Ellis, Todd B. Hammer and Michael Bosco Members of General Partner
Date:
11/13/2025
North Run GP, LP
Signature:
/s/ Michael Fisher
Name/Title:
Michael Fisher / Attorney-in-Fact for Thomas B. Ellis and Todd B. Hammer, Members of General Partner
Who filed the Schedule 13G/A for Scientific Industries (SCND)?
North Run Capital, LP; North Run Advisors, LLC; North Run – Due North Partners, LP; North Run GP, LP; and individuals Todd B. Hammer, Thomas B. Ellis, and Michael Bosco.
How many shares do the filers beneficially own in SCND?
They reported 1,189,632 shares beneficially owned, representing 9.99% of the class.
What is the composition of the reported holdings for SCND?
The filing lists 835,000 common shares and 354,632 warrants exercisable within 60 days.
What warrants position is disclosed in the filing?
As of September 30, 2025, they held 920,000 warrants, with 354,632 exercisable within 60 days due to beneficial ownership limits.
What share count was used to calculate the 9.99% stake in SCND?
The calculation used 11,553,599 shares outstanding as of August 19, 2025.
Do the filers have voting and dispositive power over the SCND shares?
Yes, they report shared voting power and shared dispositive power over the 1,189,632 shares; no sole power.
Does the filing indicate an intent to influence control at SCND?
They certified the securities were not acquired for the purpose of changing or influencing control.
