Intellinetics prepays $1.37M notes, expects debt-free balance sheet by June 30

INTELLINETICS, INC.

Prepaid $1,373,740 ($1,339,500 principal + $34,240 interest) on notes due Dec 2025 without penalty.
Of the prepayment, $545,772 went to related parties Michael N. Taglich and Robert F. Taglich.
Company expects cash balance of $1.2M to $1.7M at end of June; repaid $4.96M debt principal since 2020.
Over 80% of debt payments and $2.67M acquisition earnouts since 2020 funded from operating cash flow.
Annual meeting ratified all six director nominees and GBQ Partners LLC as auditor for FY2025.

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