secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0001493152-22-033838
Event type: m_and_a
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics amends earnout terms for Graphic Sciences acquisition: $700k payment accelerated to Jan 2, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/0001493152-22-033838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-033838

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer