Scientific Industries Inc., a Delaware corporation, announced an asset transaction on August 7, 2025, involving the sale of its Genie Division of Benchtop Laboratory Equipment to Troemner, LLC. The transaction includes the transfer of the Genie product line, related fixed assets, inventory, and intellectual property. The purchase price is set at $9.6 million, subject to working capital adjustments, with an additional earn-out of up to $1.5 million based on specific performance criteria. Scientific Industries will provide supply and transition services to the buyer for at least six months, with potential extensions. The company will continue operating its Torbal Division in Bohemia, New York.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scientific Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-25-009352), on August 11, 2025, and is solely responsible for the information contained therein.