Intellinetics Inc. Completes Prepayment of All Outstanding Notes, Achieving Debt-Free Status

Reuters

06-24

Intellinetics Inc. Completes Prepayment of All Outstanding Notes, Achieving Debt-Free Status

Intellinetics Inc. has announced the prepayment of all its outstanding notes, effectively achieving a debt-free balance sheet for its June 2025 10-Q. The digital transformation solutions provider, listed on NYSE American under the ticker INLX, has made this move without incurring any penalties. This strategic decision is part of Intellinetics' broader plan to invest in accelerating its sales revenue, reflecting the company's confidence in its future prospects. According to President & CEO James F. DeSocio, the company has managed to pay off a total of $4.96 million in debt principal over the past few years, with the majority funded through cash flow generated by the company's operations. With a projected cash balance of $1.2 to $1.7 million by the end of June, Intellinetics is poised to invest further in sales, marketing, and development to capitalize on growth opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intellinetics Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250624709927) on June 24, 2025, and is solely responsible for the information contained therein.

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