secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001104659-23-085676
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions acquires ResoluteAI for $2.1M cash plus earnout; adds $1.3M ARR
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- Cash consideration $2.1M plus earnout of 3.5x ending ARR minus enterprise value, paid over 8 quarters.
- Adds $1.3M in annual recurring revenue (ARR) as of June 30, 2023, from ResoluteAI.
- ResoluteAI provides AI/NLP-powered search, discovery, and knowledge management platform for science and innovation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923085676/0001104659-23-085676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923085676/tm2322397d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-085676

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