Research Solutions discloses near-total deposit exposure to SVB; no borrowings outstanding

Research Solutions, Inc.

Maintains at least 85% of total deposit accounts at Silicon Valley Bank per loan covenant.
No outstanding borrowings under SVB loan agreement as of March 10, 2023.
FDIC guarantees full access to all deposits starting March 13, 2023; no immediate loss expected.
Company evaluating future availability of revolving credit facilities following SVB receivership.

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