---
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"
generated_at: "2026-06-03T21:35:33.022827+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Research Solutions enters $500K secured revolving credit facility with PNC Bank

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-048029
- JSON: https://secwatch.observer/filing/0001104659-24-048029.json
- Plain text: https://secwatch.observer/filing/0001104659-24-048029.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $500,000
  - Counterparty: PNC Bank, National Association
  - Rate: daily SOFR rate plus 2.5%
  - Maturity: April 15, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/0001104659-24-048029-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: secured revolving line of credit of $500,000
  - Effective: 2024-04-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/0001104659-24-048029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.