secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001104659-23-031659
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923031659/0001104659-23-031659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923031659/tm239384d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-031659

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