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Intellinetics ( (INLX) ) just unveiled an announcement.
On May 28, Intellinetics Inc. entered into an At The Market Offering Agreement with Lucid Capital Markets, LLC, allowing the company to offer and sell up to $10,000,000 of its common stock through the agent. This agreement provides flexibility in selling shares directly on the NYSE American or through negotiated transactions, with the agent receiving a 3% commission on sales. The arrangement can be terminated by either party and does not obligate the company or agent to sell or buy shares, with no assurance of sales being made.
Spark’s Take on INLX Stock
According to Spark, TipRanks’ AI Analyst, INLX is a Neutral.
Intellinetics’ overall score reflects a company navigating through operational challenges but with potential for future growth. The financial performance is stable, but profitability and revenue growth need improvement. Technical indicators suggest a cautious approach due to bearish trends. Valuation metrics highlight current financial hurdles, but strategic investments and growth in SaaS are positive signs for future performance.
To see Spark’s full report on INLX stock, click here.
More about Intellinetics
Average Trading Volume: 5,633
Technical Sentiment Signal: Buy
Current Market Cap: $53.11M
For an in-depth examination of INLX stock, go to TipRanks’ Stock Analysis page.