{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-033838","form_type":"8-K","ticker":"INLX","cik":"0001081745","company_name":"INTELLINETICS, INC.","filed_at":"2022-11-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.543678+00:00","generated_at":"2026-06-21T12:34:47.183610+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Intellinetics amends earnout terms for Graphic Sciences acquisition: $700k payment accelerated to Jan 2, 2023","bullets":["Final earnout payment fixed at $700,000, down from maximum of $833,333 under original agreement.","Payment accelerated to January 2, 2023, from approximately June 1, 2023.","Four sellers each to receive $175,000; all earnout obligations deemed satisfied upon payment.","Amendment releases any further earnout-related claims by sellers."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-033838","json":"https://secwatch.observer/filing/0001493152-22-033838.json","markdown":"https://secwatch.observer/filing/0001493152-22-033838.md","text":"https://secwatch.observer/filing/0001493152-22-033838.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/0001493152-22-033838-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:34:47.183610+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"75e764c4db4498740d364e4954b10c6246a2e7b5","claim":"INTELLINETICS, INC. amended Amendment to the Stock Purchase Agreement with Thomas M. Liebold, Gregory P. Colton, Fredrick M. Kamienny, and Frederick L. Erlich, collectively, the sellers valued at $700,000 (effective 2022-11-21).","evidence_excerpt":"On November 21, 2022, Intellinetics, Inc. (the “Company”) entered into an Amendment to the Stock Purchase Agreement dated March 2, 2020, by and among the Company, as the buyer; Graphic Sciences, Inc., as the target; and Thomas M. Liebold, Gregory P. Colton, Fredrick M. Kamienny, and Frederick L. Erlich, collectively, the sellers. The Amendment accelerates the final earnout payment by the Company to the sellers to January 2, 2023, and it sets the amount of the final earnout payment at an aggregate of $700,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/0001493152-22-033838-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Thomas M. Liebold, Gregory P. Colton, Fredrick M. Kamienny, and Frederick L. Erlich, collectively, the sellers"},{"label":"Value","value":"$700,000"},{"label":"Effective","value":"2022-11-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}