secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001641172-25-013193
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics awarded $42.75M five-year contract with State of Michigan
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- Contract runs June 1, 2025 to May 30, 2030, with optional 5-year extension.
- Estimated $42.75M total contract value; revenue recognized as work is completed; no minimum guarantee.
- Contract is largest in company history; covers document scanning and micrographic conversion services.
- Awarded after competitive evaluation; subject to reduction or termination at customer's sole discretion.
- CEO says contract positions company for next 5-10 years; also focused on SaaS growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000164117225013193/0001641172-25-013193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000164117225013193/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-013193

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