secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001104659-22-105694
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions acquires FIZ Karlsruhe's AutoDoc customer contracts for up to €550K
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- Reprints Desk subsidiary buys ~700 AutoDoc customer contracts (400 active on TTM basis) from FIZ Karlsruhe.
- Base consideration €300K; earn-out up to €250K based on revenue of consenting customers; additional revenue-sharing through 2025.
- Contracts assumed effective Dec 31, 2022; revenue recognition begins in fiscal Q3 2023.
- AutoDoc serves 30+ countries (top: Germany, Japan, US); cross-sell opportunity to Research Solutions' Article Galaxy platform.
- FIZ agrees to 2-year non-compete on transferred contracts and document delivery services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465922105694/0001104659-22-105694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465922105694/tm2227389d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-105694

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