4. Corporate Actions

On February 10, 2012, Intellinetics Ohio was acquired by Intellinetics (formerly known as “GlobalWise Investments, Inc.”), pursuant to a reverse merger, with Intellinetics Ohio remaining as a wholly-owned subsidiary of Intellinetics. In connection with the reverse merger, (i) the stockholders of Intellinetics Ohio surrendered all of the issued and outstanding shares of Intellinetics Ohio capital stock and received, in exchange for such shares, an aggregate of 28,034,850 shares of common stock of Intellinetics on a 4,650-for-1 basis which represented approximately 86 % of Intellinetics’ total shares outstanding immediately following the closing of the transaction; and (ii) Intellinetics Ohio paid $ 220,000 in advance of the closing and $85,000 upon the closing of the transaction to the stockholders of Intellinetics to provide both a reimbursement of professional fees incurred by Intellinetics and for the split-off of the net liabilities of Intellinetics at closing. The reverse merger was deemed to be a recapitalization of Intellinetics Ohio, and as such, all capital accounts were restated as if the reverse merger had occurred prior to the earliest period presented. Intellinetics Ohio was deemed to be the acquirer in the reverse merger for accounting purposes. Consequently, the assets and liabilities and the historical operations of the Company that are reflected in the financial statements prior to the reverse merger are those of Intellinetics Ohio, and the consolidated financial statements of the Intellinetics after completion of the reverse merger include the assets and liabilities of Intellinetics, historical operations of Intellinetics and operations of Intellinetics from the Closing Date of the reverse merger.

On September 1, 2014, the Company changed its name from GlobalWise Investments, Inc., to Intellinetics, Inc. and effected a seven (7)-to-one (1) reverse stock split of the Company’s common stock.