secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001104659-24-048029
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/0001104659-24-048029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465924048029/tm2411927d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-048029

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