−Removed: Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
+Added: Market for the Registrant’s Common Equity, Related Shareholders Matters and Issuer Purchases of Equity Securities.
The Company’s Common Stock is traded on the Over-The-Counter (“OTC”) Market, under the trading symbol “SCND”.
−Removed: The following table sets forth the low and high bid quotations at the end of each quarter for the year ended December 31, 2024 and 2023, respectively, as reported by the National Association of Securities Dealers, Inc.
+Added: The following table sets forth the low and high bid quotations at the end of each quarter for the years ended December 31, 2025 and 2024, respectively, as reported by the National Association of Securities Dealers, Inc.
Electronic Bulletin Board.
3 unchanged sentences
Recent sales of unregistered securities; use of proceeds from registered securities
−Removed: Refer to Current Reports on Form 8-K filed with the SEC on January 22, 2024 as incorporated by reference for recent sales of unregistered securities.
+Added: On April 18, 2025, the Company entered into a Securities Purchase Agreement (the “April 2025 Purchase Agreement”) with certain investors (each an “April Investor”) pursuant to which the Company sold in a private placement, and the April Investors purchased, an aggregate of 1,550,000 units, which comprised of (i) 1,050,000 shares of the Company’s Common Stock, (ii) pre-funded warrants to purchase 500,000 shares of Common Stock, and (iii) warrants to purchase 1,550,000 shares of Common Stock, for a total consideration of $1,550,000.
+Added: The Company recognized $97,800 of issuance costs, which was attributable to legal and placement agent fees.
Purchases of equity securities by the issuer and affiliated purchasers
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.