other material
confidence high
sentiment neutral
materiality 0.25
Research Solutions confirms continued access to SVB credit facility and deposits
Research Solutions, Inc.
- Company retains ability to borrow on SVB revolving loan facility; deposits and banking services fully accessible.
- Established banking relationships and accounts with two additional banks for diversification.
- SVB loan, deposit, and bank branch assets sold to First Citizens BancShares; company evaluating SVB LSA.
- Company confirms no disruption to banking services after SVB closure on March 10, 2023.