secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086353
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions acquires ResoluteAI for $3.215M; adds $1.3M ARR
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- Enterprise value $3.215M (≈2.5x ARR); cash at close reduced by $0.3M for deferred revenue.
- Adds ~$1.3M in ARR with ~$125K/month cash burn; expects positive cash flow and adjusted EBITDA in FY24.
- Earnout: 3.5x product ARR at 18 months minus $3.215M, paid in equal quarterly installments over 2 years.
- Integration will bring advanced search tools to Article Galaxy within months; no price changes planned.
- ResoluteAI is 100% remote, founded 2015, with two products (Foundation and Nebula) covering 20+ datasets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923086353/0001104659-23-086353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923086353/tm2322505d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086353

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