Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

NAMES OF REPORTING PERSONS

Thomas A. Satterfield, Jr.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

(Amendment No. 2)^*

Scientific Industries, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

808757108

(CUSIP Number)

December 31, 2023

(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)

^*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


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Based on (i) 7,003,599 shares of Common Stock of the issuer outstanding as of November 13, 2023, as reported by the issuer on its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 and (ii) the issuer’s subsequent sale of 2,638,076 and 503,536 shares of Common Stock, as reported by the issuer in its Current Reports on Form 8-K filed on December 15, 2023 and December 22, 2023, respectively. This assumes the exercise of the 336,984 Warrants beneficially owned by the Reporting Person.


CUSIP No. 808757108		13G		Page 2 of 5

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, NY 11716

Item 2.

(a)

Name of Person Filing:

Thomas A. Satterfield, Jr.

(b)

Address of Principal Business Office or, if none, Residence:

Thomas A. Satterfield, Jr.

15 Colley Cove Drive

Gulf Breeze, Florida 32561

(c)

Citizenship:

Incorporated by reference from Item 4 of the Cover Page.

(d)

Title of Class of Securities:

Incorporated by reference from the Cover Page.

(e)

CUSIP Number:

Incorporated by reference from the Cover Page.

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:

Not Applicable.

Item 4.

Ownership.

(a)

Amount beneficially owned:

Incorporated by reference from Item 9 of the Cover Page.

(b)

Percent of class:

Incorporated by reference from Item 11 of the Cover Page.


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(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote

Incorporated by reference from Item 5 of the Cover Page.

(ii)

Shared power to vote or to direct the vote

Incorporated by reference from Item 6 of the Cover Page.

(iii)

Sole power to dispose or to direct the disposition of

Incorporated by reference from Item 7 of the Cover Page.

(iv)

Shared power to dispose or to direct the disposition of

Incorporated by reference from Item 8 of the Cover Page.

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

With respect to the beneficial ownership report for Thomas A. Satterfield, Jr., 141,675 shares of Common Stock and 90,837 shares of Common Stock issuable upon exercise of Warrants are held by Tomsat Investment & Trading Co., Inc, a corporation wholly owned by Mr. Satterfield and of which he serves as President; 278,349 shares of Common Stock and 176,674 shares of Common Stock issuable upon exercise of Warrants are held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield; and 79,670 shares are held by Caldwell Mill Opportunity Fund, LLC which fund is managed by an entity of which Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager.

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.


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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.


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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.

February 14, 2024

Date

/s/ Thomas A. Satterfield, Jr.

Thomas A. Satterfield, Jr.

Grafico Azioni Scientific Industries (QB) (USOTC:SCND)
Storico
Da Gen 2025 a Feb 2025