Intellinetics Inc. has entered into an At The Market Offering Agreement with Lucid Capital Markets, LLC, allowing the company to offer and sell shares of its common stock, valued at $0.001 per share, through the Agent. The company aims to raise up to $10 million through this arrangement by selling shares directly on or through the NYSE American, or via other methods. Intellinetics is not obligated to sell any shares, nor is the Agent required to purchase them. The Agent will receive a 3% commission on the gross sales price of shares sold. The agreement includes provisions for indemnification and expense reimbursement for the Agent. This move provides Intellinetics with the flexibility to raise capital as needed, while the Agent is tasked with executing sales using commercially reasonable efforts.
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