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Stock impact report

Intellinetics, Inc. Completes Equity and Debt Financing and Acquires Graphic Sciences, Inc. [Correction]

Intellinetics, Inc. (INLX) 
NASDAQ:AMEX Investor Relations: intellinetics.com/investor-relations
Company Research Source: GlobeNewswire
 Financing Restructures Balance Sheet and Provides Platform for Future Growth COLUMBUS, Ohio, March 06, 2020 (GLOBE NEWSWIRE) -- The following press release corrects a typographical error in the prior press release. The following correctly states that reverse stock split will be effective for stockholders of record as of the close of business on March 12, 2020, rather than March 12, 2010. Intellinetics, Inc., (OTCQB: INLX) a cloud-based document solutions provider, announced it has closed an equity and debt private placement financing and raised a total of $5.5 million. From the amount raised in the financing, $3.5 million was used for the initial purchase price of Graphic Sciences, Inc., a company that specializes in document scanning and digital conversion services. Located in Madison Heights, MI. Graphic Sciences had $6.7 million in revenues (unaudited) in its most recent fiscal year, ended September 30, 2019. Simultaneous with the raise, the Company restructured its bal Show less Read more
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