INLX Intellinetics Inc

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C., 20549

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

INTELLINETICS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada		87-0613716
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

 

2190 Dividend Dr.
Columbus, Ohio		43228
(Address of principal executive offices)		(Zip Code)

 

 

Intellinetics, Inc. 2024 Equity Incentive Plan

Intellinetics, Inc. 2023 Non-Employee Director Compensation Plan

Intellinetics, Inc. 2015 Equity Incentive Plan, as amended

(Full title of the plan)

 

 

James F. DeSocio

Chief Executive Officer

Intellinetics, Inc.

2190 Dividend Dr.

Columbus, Ohio 43228

(614) 388-8908

(Name, address and telephone number, including area code, of agent for service)

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☒
	Emerging growth company ☐

 

If an emerging growth company, indicate by checkmark if the registrant has not elected to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

 

 

 

EXPLANATORY NOTE

 

Intellinetics, Inc., a Nevada corporation (the “Registrant”), is filing this Registration Statement on Form S-8 to register the following securities:

 

	●	Up to 243,122 shares of common stock, par value $0.001 per share (“Common Stock”) of the Registrant issuable pursuant to future awards that may be granted under the Intellinetics, Inc. 2024 Equity Incentive Plan;
	●	Up to 74,136 shares of Common Stock of the Registrant issuable pursuant to future awards that may be granted under the Intellinetics, Inc. 2023 Non-Employee Director Compensation Plan;
	●	36,000 shares of Common Stock of the Registrant issuable upon the exercise of stock options previously granted by Registrant under the Intellinetics, Inc. 2023 Non-Employee Director Compensation Plan;
	●	Up to 1,443 shares of Common Stock of the Registrant issuable pursuant to future awards that may be granted under the Intellinetics, Inc. 2015 Equity Incentive Plan, as amended; and
	●	338,411 shares of Common Stock of the Registrant issuable upon the exercise of stock options previously granted by Registrant under the Intellinetics, Inc. 2015 Equity Incentive Plan, as amended.

 

 

PART I

 

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

 

Item 1.

Plan Information.

 

Not required to be filed with this Registration Statement.

 

Item 2.

Registrant Information and Employee Plan Annual Information.

 

Not required to be filed with this Registration Statement.

 

 

PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3.

Incorporation of Documents by Reference.

 

The Registrant incorporates by reference in this Registration Statement the following documents filed by the Registrant with the Securities and Exchange Commission (the “SEC”) (other than information that is furnished to but not filed with the SEC in those documents), pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”):

 

	(1)	the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on March 28, 2024;
	(2)	the Registrant’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024, filed with the SEC on November 13, 2024;
	(3)	the Registrant’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024, filed with the SEC on August 13, 2024;
	(4)	the Registrant’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, filed with the SEC on May 14, 2024;
	(5)	the Registrant’s Current Reports on Form 8-K filed with the SEC on February 20, 2025; November 13, 2024; October 16, 2024; August 13, 2024; June 26, 2024; June 10, 2024; May 14, 2024; and March 28, 2024;
	(6)	the information included in the Registrant’s definitive proxy statement on Schedule 14A for the 2024 Annual Meeting of Stockholders, as filed with the Commission on April 29, 2024, to the extent incorporated by reference into Part III of the Annual Report on Form 10-K for the fiscal year ended December 31, 2023; and
	(7)	the description of the Registrant’s Common Stock contained in Registrant’s registration statement on Form 10-SB filed with the SEC on October 2, 2000, as the description therein has been updated and superseded by the description of the registrant’s capital stock contained in Exhibit 4.2 to the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC on March 28, 2024, and including any amendments or reports filed with the SEC for the purpose of updating such descriptions.

 

All documents filed by the Registrant with the SEC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold (other than information that is furnished to but not filed with the SEC in those documents) shall be deemed to be incorporated by reference in this Registration Statement from the date of filing of such documents.

 

Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document which is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. Any Current Report on Form 8-K that is furnished to the SEC but not filed with the SEC is not deemed incorporated by reference into this Registration Statement.

 

Item 4.

Description of Securities.

 

Not Applicable.

 

Item 5.

Interests of Named Experts and Counsel.

 

Not Applicable.

 

 

Item 6.

Indemnification of Directors and Officers.

 

The Registrant is a Nevada corporation. The Nevada General Corporation Law, the Registrant’s Articles of Incorporation, and the Registrant’s bylaws provide for the indemnification of directors and officers of the Registrant and certain other persons in the circumstances outlined below.

 

Actions other than by the Registrant

 

The Registrant may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the Registrant, by reason of the fact that such person is or was a director, officer, employee or agent of the Registrant, or is or was serving at the request of the Registrant as a director, officer, employee or agent of another corporation or other entity, against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by such person in connection with the action, suit or proceeding if (i) such person is not liable for a breach of fiduciary duty involving intentional misconduct, fraud or a knowing violation of the law, or (ii) such person acted in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Registrant, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person (i) was liable for a breach of fiduciary duty involving intentional misconduct, fraud or a knowing violation of the law, or (ii) did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Registrant, and that, with respect to any criminal action or proceeding, such person had reasonable cause to believe that his or her conduct was unlawful.

 

Actions by the Registrant

 

The Registrant may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Registrant to procure a judgment in its favor by reason of the fact that such person is or was a director, officer, employee or agent of the Registrant, or is or was serving at the request of the Registrant as a director, officer, employee or agent of another corporation or other entity, against expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by such person in connection with the defense or settlement of the action or suit if (i) such person is not liable for a breach of fiduciary duty involving intentional misconduct, fraud or a knowing violation of the law, or (ii) such person acted in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Registrant. Indemnification may not be made for any claim, issue or matter as to which such person has been adjudged by a court of competent jurisdiction to be liable to the Registrant or for amounts paid in settlement to the Registrant, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.

 

Successful Defense

 

To the extent that a director, officer, employee or agent of the Registrant has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to above, or in defense of any claim, issue or matter therein, he or she must be indemnified by the Registrant against expenses, including attorneys’ fees, actually and reasonably incurred by such person in connection with the defense.

 

Required Approval

 

Any discretionary indemnification, unless ordered by a court, must be made by the Registrant only as authorized in the specific case upon a determination that indemnification of a director, officer, employee or agent is proper in the circumstances. The determination must be made by (i) the stockholders, (ii) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding, (iii) if a majority of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion, or (iv) if a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion.

 

Advance of Expenses

 

The articles of incorporation, the bylaws, or an agreement made by the Registrant may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the Registrant as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that he or she is not entitled to be indemnified by the Registrant.

 

Other Rights

 

The indemnification provisions above and the advancement of expenses (i) do not exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled for either an action in his or her official capacity or an action in another capacity while holding office, except that indemnification, unless ordered by a court or for the advancement of expenses, may not be made to or on behalf of any director or officer if a final adjudication establishes that his or her acts or omissions involved intentional misconduct, fraud or a knowing violation of the law and were material to the cause of the action, and (ii) continue for a person who has ceased to be a director, officer, employee or agent and inures to the benefit of the heirs, executors and administrators of such person.

 

The Registrant has obtained liability insurance for its directors and officers covering, subject to exceptions, any actual or alleged negligent act, error, omission, misstatement, misleading statement, neglect or breach of duty by such directors or officers, individually or collectively, in the discharge of their duties in their capacities as directors and officers of the Registrant.

 

Item 7.

Exemption from Registration Claimed.

 

Not applicable.

 

 

Item 8.

Exhibits.

 

Exhibit				Incorporation by Reference
Number		Description		Form		Exhibit		Filing Date
4.1		Articles of Incorporation of Intellinetics, Inc.		10-SB		3.1		02-2000
4.2		Certificate of Correction, effective May 22, 2007		8-K		3.1		06-15-2007
4.3		Certificate of Amendment to Articles of Incorporation of Intellinetics, Inc.		8-K		99.1		09-03-2014
4.4		Certificate of Amendment to Articles of Incorporation of Intellinetics, Inc., dated March 2, 2020		8-K		3.1		03-04-2020
4.5		Certificate of Amendment to Articles of Incorporation of Intellinetics, Inc., dated March 3, 2020		8-K		3.2		03-04-2020
4.6		Bylaws of Intellinetics, Inc.		10-SB		3.3		10-02-2000
4.7		Amendment No. 1 to the Bylaws of Intellinetics, Inc.		8-K		3.4		03-01-2012
4.8		Amendment No. 2 to the Bylaws of Intellinetics, Inc.		8-K		3.3		03-04-2020
5.1		Opinion of McDonald Carano LLP +
23.1		Consent of GBQ Partners LLC +
23.3		Consent of McDonald Carano LLP (incorporated from Exhibit 5.1)
24.1		Powers of Attorney (included on the Signature Page of this Registration Statement).
99.1		Intellinetics, Inc. 2024 Equity Incentive Plan +
99.2		Intellinetics, Inc. 2023 Non-Employee Director Compensation Plan		10-Q		10.1		05-15-2023
99.3		Form of Non-Qualified Stock Option Agreement under Company’s 2023 Director Compensation Plan +
99.4		Intellinetics, Inc. 2015 Equity Incentive Plan		8-K		10.3		04-30-2015
99.5		First Amendment to Intellinetics, Inc. 2015 Equity Incentive Plan, dated September 25, 2017		8-K		10.2		09-26-2017
99.6		Second Amendment to Intellinetics, Inc. 2015 Equity Incentive Plan, dated February 19, 2018		8-K		10.2		02-23-2018
99.7		Third Amendment to Intellinetics, Inc. 2015 Equity Incentive Plan, dated April 27, 2020		10-K		10.8		3-24-2022
99.8		Fourth Amendment to Intellinetics, Inc. 2015 Equity Incentive Plan, dated April 29, 2021		8-K		10.1		05-05-2021
99.9		Form of Non-Qualified Stock Option Agreement under Company’s 2015 Equity Incentive Plan		10-K		10.9		03-28-2016
99.10		Form of Incentive Stock Option Agreement under Company’s 2015 Equity Incentive Plan		8-K		10.6		01-05-2016
107		Filing Fee Table +

 

+ Filed herewith.

 

 

Item 9.

Undertakings.

 

(a) The undersigned Registrant hereby undertakes:

 

(1)

To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

 

(i)

To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

 

(ii)

To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) (17 CFR § 230.424(b)) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 

(iii)

To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

 

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.

 

(2)

That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(3)

To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Columbus, State of Ohio, on March 21, 2025.

 

	INTELLINETICS, INC.
	By:	/s/ James F. DeSocio
		James F. DeSocio
		President, Chief Executive Officer, and Director

 

POWER OF ATTORNEY

 

We, the undersigned officers and directors of Intellinetics, Inc., do hereby constitute and appoint James F. DeSocio and Joseph D. Spain, and each of them, our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for them and in their name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, full power and authority to do and perform each and every act and thing requisite are necessary to be done in and about the premises, as fully to all intents and purposes as they might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated below:

 

Signature		Title		Date
/s/ James F. DeSocio		President, Chief Executive Officer and Director		March 21, 2025
James F. DeSocio		(Principal Executive Officer)
/s/ Joseph D. Spain		Treasurer and Chief Financial Officer		March 21, 2025
Joseph D. Spain		(Principal Financial Officer; Principal Accounting Officer)
/s/ Michael N. Taglich		Chairman of the Board and Director		March 21, 2025
Michael N. Taglich
/s/ John Guttilla		Director		March 21, 2025
John Guttilla
/s/ Stanley Jaworski Jr.		Director		March 21, 2025
Stanley Jaworski Jr.
/s/ Paul Seid		Director		March 21, 2025
Paul Seid

 

 

 

Exhibit 5.1

 

 

March 21, 2025

 

Intellinetics, Inc.

2190 Dividend Dr.

Columbus, Ohio 43228

 

	Re:	Registration Statement/Form S-8
		Intellinetics, Inc. 2024 Equity Incentive Plan
		Intellinetics, Inc. 2023 Non-Employee Director Compensation Plan
		Intellinetics, Inc. 2015 Equity Incentive Plan, as amended
		693,112 shares of Common Stock

 

Ladies and Gentlemen:

 

We have acted as special Nevada counsel to Intellinetics, Inc., a Nevada corporation (the “Company”) in connection with the the Registration Statement on Form S-8 (the “Registration Statement”) filed by the Company on the date hereof with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). The Registration statement relates to the registration of (i) 339,854 shares of common stock, par value $.001 per share, of the Company (the “2015 Reserved Shares”), that may be offered and sold under, and issuable pursuant to, the Intellinetics, Inc. 2015 Equity Incentive Plan, as amended (the “2015 Plan”), (ii) 110,136 shares of common stock, par value $.001 per share, of the Company (the “2023 Reserved Shares”), that may be offered and sold under, and issuable pursuant to, the Intellinetics, Inc. 2023 Non-Employee Director Compensation Plan (the “2023 Plan”), and (iii) 243,122 shares of common stock, par value $.001 per share, of the Company (the “2024 Reserved Shares,”), that may be offered and sold under, and issuable pursuant to, the Intellinetics, Inc. 2024 Equity Incentive Plan (the “2024 Plan,” and collectively with the 2015 Plan and the 2023 Plan, each a “Plan” and together, the “Plans”). The 2015 Reserved Shares, the 2023 Reserved Shares, and the 2023 Reserved Shares are collectively referred to herein as the “Shares.”

 

As special Nevada counsel to the Company in connection with the proposed potential issuance of the Shares, we have examined the actions taken by the Company in connection with the adoption of the Plans and the authorization of the issuance of the Shares, and such other documents as we have deemed necessary to render this opinion. In addition, we have examined an executed copy of that certain certificate of officer of the Company dated as of the date hereof, and the Company’s articles of incorporation and bylaws, as amended and effective as of the date hereof. We have also examined such records, documents, certificates of public officials and of the Company, made such inquiries of officials or representatives of the Company, as applicable, and considered such questions of law as we have deemed necessary for the purpose of rendering the opinion set forth herein. We have relied upon the certificates of all public officials and Company officers with respect to the accuracy of all matters contained therein, without independent verification of the facts set forth therein.

 

 

In connection with our opinion, we have also assumed the genuineness of all signatures, the legal capacity of natural personas, the authenticity and completeness of all items submitted to us as originals and the conformity with originals of all items submitted to us as copies. For the purpose of the opinion rendered below, we have assumed that in connection with the issuance of the Shares (i) the certificates representing the Shares will conform to the specimen thereof examined by us and will be properly executed and delivered, (ii) upon issuance of the Shares pursuant to the applicable Plan, the Company will have a sufficient number of authorized but unissued shares of common stock not restricted for other purposes to permit the issuance of the Shares, (iii) no changes occur in the applicable law or pertinent facts, and (iv) the Shares will be issued for consideration in an amount not less than the aggregate par value of such Shares. We have further assumed that the Registration Statement has been declared effective pursuant to the Securities Act, and that the Plans complied, and will comply, as applicable, with all applicable laws at the time the Shares were issued, or are issued, as applicable, pursuant to the Plans.

 

Based upon and subject to the foregoing and the further qualifications and limitations set forth below, we are of the opinion that the Shares have been duly authorized, and when issued and sold by the Company against receipt of payment in full therefor and otherwise in accordance with the terms and conditions of the applicable Plan, will be validly issued, fully paid and nonassessable.

 

We are qualified to practice law in the State of Nevada. The opinion set forth herein is expressly limited to and based exclusively on the general corporate laws of the State of Nevada, and we do not purport to be experts on, or to express any opinion with respect to the applicability or effect of, the laws of any other jurisdiction. We express no opinion herein concerning, and we assume no responsibility as to the laws or judicial decisions related to, or any orders, consents or other authorizations or approvals as may be required by, any federal laws, rules or regulations, including, without limitation, any federal securities or bankruptcy laws, rules or regulations, any state securities or “blue sky” laws, rules or regulations or any state laws regarding fraudulent transfers. Our opinion is rendered as of the date hereof, and we assume no obligation to advise you of changes in law or fact (or the effect thereof on the opinions expressed herein) that hereafter may come to our attention.

 

This opinion is issued in the State of Nevada. By issuing this opinion, McDonald Carano LLP (i) shall not be deemed to be transacting business in any other state or jurisdiction other than the State of Nevada and (ii) does not consent to the jurisdiction of any state other than the State of Nevada. Any claim or cause of action arising out of the opinions expressed herein must be brought in the State of Nevada. Your acceptance of this opinion shall constitute your agreement to the foregoing.

 

We hereby consent to the use of this opinion as an exhibit to the Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder. This opinion is furnished to you in connection with the above-described Form S-8 and the Registration Statement and is not to be used, circulated, quoted from or otherwise relied on for any other purpose.

 

	Sincerely,
	/s/ McDonald Carano LLP
	McDONALD CARANO LLP

 

 

 

Exhibit 23.1

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the incorporation by reference in this Registration Statement of our report dated March 28, 2024, relating to the consolidated financial statements of Intellinetics, Inc., appearing in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

 

/s/ GBQ Partners, LLC

 

GBQ Partners, LLC

 

Columbus, Ohio

March 21, 2025

 

 

 

Exhibit 99.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 99.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 107

 

CALCULATION OF FILING FEE TABLE

 

Security Type		Security Class Title		Fee Calculation Rule		Amount to be Registered (1)				Proposed Maximum Offering Price Per Share				Maximum Aggregate Offering Price				Fee Rate				Amount of Registration Fee
Equity		Common Stock, $0.001 par value per share		Rule 457			243,122	(2)		$	10.70	(3)		$	2,601,405.40			$	0.00015310			$	398.28
Equity		Common Stock, $0.001 par value per share		Rule 457			74,136	(4)		$	10.70	(3)		$	793,255.20			$	0.00015310			$	121.45
Equity		Common Stock, $0.001 par value per share		Rule 457(h)			36,000	(5)		$	8.78	(6)		$	316,080.00			$	0.00015310			$	48.39
Equity		Common Stock, $0.001 par value per share		Rule 457			1,443	(7)		$	10.70	(3)		$	15,440.10			$	0.00015310			$	2.36
Equity		Common Stock, $0.001 par value per share		Rule 457(h)			338,411	(7)		$	5.45	(3)		$	1,842.737.61			$	0.00015310			$	282.12
							Total Offering Amounts							$	5,568,918.31								-
							Total Fees Previously Paid																0
							Total Fee Offsets																0
							Net Fee Due															$	852.60

 

(1)	In accordance with Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall be deemed to cover any additional securities that may from time to time be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
(2)	Represents shares of Common Stock reserved for issuance pursuant to future awards granted under the Intellinetics, Inc. 2024 Equity Incentive Plan (the “2024 Plan”).
(3)	Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and (h) under the Securities Act based upon the average of the high and low prices of the Common Stock as reported on the NYSE American stock exchange on March 19, 2025.
(4)	Represents shares of Common Stock reserved for issuance pursuant to future awards granted under the Intellinetics, Inc. 2023 Director Compensation Plan (the “Director Plan”).
(5)	Represents shares of Common Stock issuable upon the exercise of outstanding stock options under the Director Plan.
(6)	Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) under the Securities Act and based on the weighted average exercise price of the outstanding stock options.
(7)	Represents shares of Common Stock reserved for issuance pursuant to future awards granted under the Intellinetics, Inc. 2015 Equity Incentive Plan, as amended (the “2015 Plan”).
(8)	Represents shares of Common Stock issuable upon the exercise of outstanding stock options under the 2015 Plan.

 

 

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