secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001104659-23-121108
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions acquires AI platform scite for $14.8M; adds $3.6M in subscription revenue
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- Enterprise value $14.8M (~4.11x annualized subscription revenue); consideration ~50% cash, ~50% RSSS stock.
- scite's annualized software subscription revenue is $3.6M; B2C base ~21,000 active subscribers.
- Earnout: up to 3.5x ending annual recurring revenue (measured 18 months post-close) minus $14.8M, floor $1.07M; paid quarterly over 2 years.
- Acquisition enhances Research Solutions' AI-powered research workflow; cross-selling to academic and B2B customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923121108/0001104659-23-121108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923121108/tm2331467d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-121108

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