secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001104659-22-030647
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions amends SVB credit line: extends maturity to 2024, lowers rate, removes net worth covenant
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- Maturity of revolving line extended from original to February 28, 2024.
- Interest rate reduced: Prime + 1% (min 5%) during Streamline Period; otherwise Prime + 1.5% (min 5.5%).
- Tangible net worth covenant removed; Adjusted Quick Ratio threshold raised to >1.45:1.0 for Streamline Period.
- Amendment effective February 28, 2022; lender is Silicon Valley Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465922030647/0001104659-22-030647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465922030647/tm228466d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-030647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer