UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 1, 2014
INTELLINETICS, INC.
(Exact name of Registrant as specified in its charter)
| Nevada | 000-31671 | 87-0613716 |
| (State or other jurisdiction | (Commission File Number) | (I.R.S Employer |
| of incorporation) | Identification No.) |
| 2190 Dividend Dr., Columbus, Ohio | 43228 |
| (Address of principal executive offices) | (Zip code) |
Registrant’s telephone number, including area code : (614) 388-8908
GlobalWise Investments, Inc.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01 | Other Events. |
Effective as of September 1, 2014, and reflected by the OTCQB on September 3, 2014, the Company amended its Articles of Incorporation to 1) change the Company’s name to “Intellinetics, Inc.” and 2) effect a seven (7)-to-one (1) reverse stock split of the Company’s common stock. A copy of the Amendment to the Articles of Incorporation is attached hereto as Exhibit 99.1 and incorporated herein by reference.
On September 3, 2014, the Company issued a press release announcing the name change and reverse stock split. A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit No. | Name of Exhibit |
| 99.1 | Amendment to Articles of Incorporation, effective as of September 1, 2014. |
| 99.2 | Press release issued by Intellinetics, Inc., on September 3, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| INTELLINETICS, INC. | ||
| By: | /s/ Matthew L. Chretien | |
| Matthew L. Chretien | ||
| President and Chief Executive Officer | ||
| Dated: September 3, 2014 | ||
News
GlobalWise Investments, Inc. / Intellinetics, Inc. Announces Name Change and Reverse Stock Split
COLUMBUS, OH – (September 3, 2014) – Intellinetics, Inc. (OTCQB: INLX), formerly called GlobalWise Investments, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management systems in both the public and private sectors, announced the implementation of two corporate actions: a name change to “Intellinetics, Inc.” and a reverse stock split in the ratio of 7-to-1.
Name Change
Previously approved by the shareholders at the August 6, 2014 shareholder meeting, the Company’s change of name to Intellinetics, Inc. was made effective by the Nevada Secretary of State on September 1, and reflected by the OTCQB on September 3, 2014. The Company believes the name Intellinetics, Inc. more accurately reflects the Company's current business and aligns its corporate name with the Company's sole operating subsidiary, Intellinetics, Inc, an Ohio corporation.
Anticipating the corporate name change, the Company’s shares began trading under its new OTCQB stock symbol, INLX, on August 1, 2014.
Reverse Stock Split
Also approved by the shareholders at the August 6, 2014 shareholder meeting, the Company’s reverse stock split in the ratio of 7-to-1 was made effective by the Nevada Secretary of State on September 1, and reflected by the OTCQB on September 3, 2014. The Company implemented the reverse split to improve the liquidity and marketability of the Company's common stock, and to better respond to potential future opportunities to raise capital, based upon future developments in the business affairs of the Company, the market and the economy.
Positioning Company for Long-Term Growth and Profitability
“Shareholder support and approval for these important, coordinated components represent an important milestone in our strategy to focus on revenue growth,” said Matthew L. Chretien, President and CEO. “We have two new dedicated National Channel Managers focused on partner recruitment, on-boarding and revenue production. We expect to start to see new partners from their efforts in early Q4 and beyond.
“The company name and stock symbol change will help us to increase Intellinetics’ brand awareness in the market. It brings the added benefit of a name associated with a 20-year track record of delivering mission-critical document solutions into the public safety market and beyond. This credibility is a key catalyst to attracting profiled distribution partners for our IntelliCloud TM solutions into our channel network. I am excited to move forward in the wake of these important changes,” concluded Chretien.
About Intellinetics, Inc.
Intellinetics, Inc., formerly known as GlobalWise Investments, Inc., is a Columbus, Ohio-based Enterprise Content Management (ECM) pioneer with industry-leading software that delivers cloud ECM based solutions on-demand. The Company’s flagship platform, Intellivue™, represents a new industry benchmark and game-changing solution by enabling clients to access and manage the content of every scanned document, file, spreadsheet, email, photo, audio file or video tape — virtually anything that can be digitized — in their enterprise from any PC, laptop, tablet or smartphone from anywhere in the world. For additional information, please visit: www.Intellinetics.com
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Cautionary Statement
Statements in this press release which are not purely historical, including statements regarding Intellinetics' intentions, beliefs, expectations, representations, projections, plans or strategies regarding the future are forward-looking statements. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow or adequacy of capital resources, market acceptance risks, technical development risks, and other risk factors. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Intellinetics disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Intellinetics and its Affiliates on its website www.intellinetics.com or at www.sec.gov .
Contact:
Matthew Chretien, Pres. & CEO
Intellinetics, Inc.
614-388-8909 matt@intellinetics.com