<SEC-DOCUMENT>0001534424-14-000123.txt : 20140324
<SEC-HEADER>0001534424-14-000123.hdr.sgml : 20140324
<ACCEPTANCE-DATETIME>20140324163624
ACCESSION NUMBER:		0001534424-14-000123
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140321
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140324
DATE AS OF CHANGE:		20140324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				841261240
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14942
		FILM NUMBER:		14713535

	BUSINESS ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-769-3200

	MAIL ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f14-0583.htm
<DESCRIPTION>8-K FILING
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of
the </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Date of Report </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Date of earliest event reported) </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>March 21, 2014 </B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>PRO-DEX, INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of registrant as specified in
its charter) </B></P>

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    <td style="vertical-align: bottom; width: 1%">&nbsp;</td>
    <td style="width: 32%">&nbsp;</td></tr>
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    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>COLORADO</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>0-14942</b></font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>84-1261240</b></font></td></tr>
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    <td style="vertical-align: top">
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(State or other jurisdiction</b></P>
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><b>of incorporation)</b></P></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(Commission</b></P>
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><b>File Number)</b></P></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(IRS Employer</b></P>
        <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><b>Identification Number)</b></P></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>2361 McGaw Avenue </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Irvine, California 92614 </B></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Address of Principal Executive Offices)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>(949) 769-3200 </B></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Registrant&rsquo;s Telephone Number, Including
Area Code) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt; text-align: left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</P>

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    <td style="width: 4%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td></tr>
</table>
<P STYLE="font: 4pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

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<tr style="vertical-align: top">
    <td style="width: 4%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td></tr>
</table>
<P STYLE="font: 4pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td></tr>
</table>
<P STYLE="font: 4pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

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<tr style="vertical-align: top">
    <td style="width: 4%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Wingdings">&#168;</font></td>
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td></tr>
</table>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>Item 8.01&nbsp;&nbsp;&nbsp;Other Events</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><B>Press Release Announcing Commencement of Rights Offering</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On March 21, 2014, the Company&rsquo;s previously announced rights
offering (the &ldquo;Rights Offering&rdquo;) was declared effective by the Securities and Exchange Commission (&ldquo;SEC&rdquo;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Accordingly, on March 24, 2014, the Company issued a press release to publicly announce the commencement of the Rights Offering.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Rights Offering will be made through the Company's distribution to its existing shareholders as of March 20, 2014, the
previously announced Record Date, of non-transferable subscription rights to purchase their pro rata portion of newly issued
shares of the Company's common stock at a subscription price of $1.90 per share. The subscription rights will expire if they
are not exercised by 5:00 p.m., New York City time, on April 25, 2014 (the &ldquo;Expiration Date&rdquo;). The subscription
period may not be extended, and the Company reserves its right, in its sole discretion, to cancel the Rights Offering at any
time or for any reason prior to the Expiration Date.</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company intends to use the net proceeds from the Rights Offering
to pursue strategic opportunities that may present themselves from time to time or, if not used to pursue strategic opportunities,
for working capital and general corporate purposes, including to fund ongoing research and development and product initiatives.
Also, to the extent net proceeds of the Rights Offering are not deployed, some of the funds may be invested in accordance
with the terms of the Company&rsquo;s Surplus Capital Investment Policy.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A copy of the press release is furnished as Exhibit
99.1 to this Current Report on Form 8-K and is incorporated by reference herein.</P>


<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: left"><B>Item 9.01&nbsp;&nbsp;&nbsp;Financial
Statements and Exhibits</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: left">(d) Exhibits.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

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<TD STYLE="width: 1in; text-align: left; vertical-align: middle"><U>Exhibit&nbsp;No.</U></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Description</U></TD>
</TR></TABLE>


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<TD STYLE="width: 1in; text-align: left; vertical-align: middle">Exhibit&nbsp;99.1</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify; width: 3in">Press Release dated March 24, 2014.</TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: left; text-indent: 24.5pt">Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: left">Date: March 24, 2014</P>

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    <TD STYLE="width: 94%">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td colspan="3" style="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Pro-Dex, Inc.</font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">By:</font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: left; border-bottom: black 1pt solid">/s/ Harold
        A. Hurwitz</P></td></tr>
<tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Harold A. Hurwitz</font></td></tr>
<tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left"><font style="font: 11pt Times New Roman, Times, Serif">Chief Executive Officer</font></td></tr>
</table>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.1 </B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><IMG SRC="image1.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">Contact: Harold A. Hurwitz, Chief Executive
Officer</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">(949) 769-3200</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>For Immediate Release</I></B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 12pt 0 3pt; text-align: center">PRO-DEX, INC. ANNOUNCES COMMENCEMENT OF RIGHTS OFFERING</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>IRVINE, CA,</B>
March 24, 2014 - PRO-DEX, INC. (NasdaqCM: PDEX) today announced that the registration statement for its previously announced common
stock rights offering was declared effective as of March 21, 2014 by the Securities and Exchange Commission (the &ldquo;SEC&rdquo;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On December 17, 2013, Pro-Dex filed a registration statement on Form S-3 with the SEC with respect to the rights offering, which
was subsequently amended by Amendment Nos.1 and 2 to Form S-3, filed with the SEC on March 5, 2014 and March 19, 2014, respectively
(the &ldquo;Registration Statement&rdquo;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The rights offering will be made through the Company&rsquo;s distribution to its existing shareholders
as of March 20, 2014, the previously announced Record Date, of non-transferable subscription rights to purchase their pro rata
portion of newly issued shares of the Company&rsquo;s common stock. For each share of common stock held by a shareholder of the Company
as of 5:00 p.m., New York City time, on the Record Date (the &ldquo;Record Holders&rdquo;), such shareholder will receive 0.44075
subscription rights. Subscription rights may only be exercised in whole numbers; the Company will not issue fractional shares
and will round all of the subscription rights down to the nearest whole number. Each whole subscription right will allow the holder
thereof to subscribe to purchase one share of common stock at a subscription price of $1.90 per share. The subscription rights
will expire if they are not exercised by 5:00 p.m., New York City time, on April 25, 2014 (the &ldquo;Expiration Date&rdquo;).
The subscription period may not be extended, and the Company reserves its right, in its sole discretion, to cancel the rights
offering at any time or for any reason prior to the Expiration Date.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As soon as practicable, the Company expects to mail to the
Record Holders a prospectus and other items necessary for exercising the subscription rights. The prospectus will contain a description
of the rights offering and other information. Questions from shareholders regarding the rights offering or requests for additional
copies of the prospectus may be directed to the subscription agent, Broadridge Corporate Issuer Solutions, Inc., at (855) 793-5068.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this rights offering is to raise equity capital in a cost-effective manner that gives all of the Company&rsquo;s existing
shareholders the opportunity to participate on a pro rata basis. The Company intends to use the net proceeds from the rights offering
to pursue strategic opportunities that may present themselves from time to time or, if not used to pursue strategic opportunities,
for working capital and general corporate purposes, including to fund ongoing research and development and product initiatives.
Also, to the extent net proceeds of the rights offering are not deployed, some of</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">the funds may be invested in accordance with
the terms of the Company&rsquo;s Surplus Capital Investment Policy.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Upon completion of
the rights offering, the Company expects to receive gross proceeds of approximately $2.8 million before expenses, subject to
the Company&rsquo;s right to reduce the rights offering in order to preserve certain of the Company&rsquo;s tax attributes,
such as net operating loss carry forwards. The Company has received a standby commitment from AO Partners, LLC and Farnam
Street Capital, Inc. (collectively with their permitted designees the &ldquo;Standby Purchasers&rdquo;). Nicholas J. Swenson,
a director of the Company, is the Managing Member of AO Partners, LLC. Raymond E. Cabillot, a director of the Company, is
Chief Executive Officer and a director of Farnam Street Capital, Inc. The Standby Purchasers have agreed to purchase any and
all shares of common stock that are not subscribed for by shareholders in connection with the rights offering up to an
aggregate amount of $2.8 million, subject to the Company&rsquo;s right to reduce the number of shares purchased by the
Standby Purchasers in order to preserve the above-referenced tax attributes. The Company believes preservation of the tax
attributes referenced above may result in the Company imposing material limitations on the Standby Purchasers&rsquo; ability
to purchase stock under the terms of the standby commitment. However, such limitations are subject to change based on further
study of such tax attributes.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The rights offering will be made only by means of a prospectus.
 This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which
 such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><U>About Pro-Dex, Inc.:</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pro-Dex, Inc.,
with operations in California and Oregon, specializes in the design, development and manufacture of powered rotary drive surgical
and dental instruments used primarily in the orthopedic, spine, maxocranial facial and dental markets. Its OMS division designs
and manufactures embedded motion control systems serving the medical, dental, semi-conductor and scientific research markets.
Pro-Dex&rsquo;s products are found in hospitals, dental offices, medical engineering labs, scientific research facilities and high tech
manufacturing operations around the world. For more information, visit the Company&rsquo;s website at <FONT STYLE="color: blue">www.pro-dex.com</FONT>.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">Statements herein
concerning the Company&rsquo;s plans, growth and strategies may include &lsquo;forward-looking statements&rsquo; within the context of the federal
securities laws. Statements regarding the Company&rsquo;s future events, developments and future performance, as well as management&rsquo;s
expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning
of these laws. The Company&rsquo;s actual results may differ materially from those suggested as a result of various factors. Interested
parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company&rsquo;s
filings with the Securities and Exchange Commission.</P>

<P STYLE="margin: 0"></P>

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</SEC-DOCUMENT>
