{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-048029","form_type":"8-K","ticker":"RSSS","cik":"0001386301","company_name":"Research Solutions, Inc.","filed_at":"2024-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.191887+00:00","generated_at":"2026-06-03T21:35:33.022827+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Research Solutions enters $500K secured revolving credit facility with PNC Bank","bullets":["$500,000 revolving line of credit matures April 15, 2025; interest at daily SOFR + 2.5%.","Borrowers: Research Solutions and subsidiary Reprints Desk; secured by substantially all assets.","No immediate draw; proceeds earmarked for future strategic initiatives or working capital.","Customary representations, warranties and affirmative/negative covenants included."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-048029","json":"https://secwatch.observer/filing/0001104659-24-048029.json","markdown":"https://secwatch.observer/filing/0001104659-24-048029.md","text":"https://secwatch.observer/filing/0001104659-24-048029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/0001104659-24-048029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/tm2411927d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:35:33.022827+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ce1316a559f460a7f01b50af344efe485d5c38f4","claim":"Research Solutions, Inc. incurred revolving credit of $500,000 with PNC Bank, National Association at daily SOFR rate plus 2.5% maturing April 15, 2025.","evidence_excerpt":"the Borrowers entered into a Revolving Line of Credit Note (the “ PNC Note ”) with PNC, which provides for a $500,000 secured revolving line of credit that matures on April 15, 2025 and bears interest annually at the daily SOFR rate plus 2.5%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/0001104659-24-048029-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500,000"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"daily SOFR rate plus 2.5%"},{"label":"Maturity","value":"April 15, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c0daa8ac2034a3ac68bdd008cde9f757e8f1be90","claim":"Research Solutions, Inc. entered into PNC Loan Agreement with PNC Bank, National Association valued at secured revolving line of credit of $500,000 (effective 2024-04-15).","evidence_excerpt":"On April 15, 2024, Research Solutions, Inc. (the “ Company ”) and Reprints Desk, Inc., a wholly owned subsidiary of the Company (collectively and individually, the “ Borrower ”) entered into a Loan Agreement (the “ PNC Loan Agreement ”) with PNC Bank, National Association (“ PNC ”), as lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/0001104659-24-048029-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"secured revolving line of credit of $500,000"},{"label":"Effective","value":"2024-04-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}