secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001493152-22-034806
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics prepays $1M of 12% notes, offers holders maturity extension to Aug 2023
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- Prepaid $1,000,000 (50% of outstanding principal) on its 12% subordinated promissory notes on Dec 1, 2022.
- Amendment allows individual note holders to extend maturity from Feb 28, 2023 to Aug 31, 2023, with 12% quarterly interest continuing.
- Notes originally dated March 2, 2020; extension election is voluntary for each holder.
- Prepayment was pro rata as required; amendment required consent of holders of at least 51% of outstanding principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315222034806/0001493152-22-034806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315222034806/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-034806

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