---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-009115"
form_type: "8-K"
ticker: "INLX"
cik: "0001081745"
company_name: "INTELLINETICS, INC."
filed_at: "2022-04-05T23:59:59+00:00"
generated_at: "2026-06-26T09:18:39.985182+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Intellinetics acquires Yellow Folder for $6.5M, financed via equity and 12% notes

## Summary
- Acquired substantially all assets of Yellow Folder (K-12 document management) on April 1, 2022 for ~$6.5M cash, subject to working capital adjustment.
- Yellow Folder's 2021 unaudited revenue ~$2.8M, adjusted EBITDA ~$0.6M; run-rate (Feb 2022) revenue $3.1M, EBITDA $0.8M.
- Purchase price represents ~10.4x 2021 adjusted EBITDA and ~2.3x 2021 revenue.
- Financed via private placement: 1,242,588 shares at $4.62 ($5.74M) and $2.96M of 12% subordinated notes due March 30, 2025.
- Taglich entities (10%+ owners) purchased shares/notes; placement agent Taglich Brothers received $696K commission and 124,258 warrants.

## SEC filing metadata
- accession: 0001493152-22-009115
- form_type: 8-K
- ticker: INLX
- cik: 0001081745
- company_name: INTELLINETICS, INC.
- filed_at: 2022-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1081745/000149315222009115/0001493152-22-009115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1081745/000149315222009115/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-009115
- JSON: https://secwatch.observer/filing/0001493152-22-009115.json
- Plain text: https://secwatch.observer/filing/0001493152-22-009115.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.