Research Solutions Inc filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
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1 In November 2019, we became a fully remote company. Accordingly, we do not currently have principal executive offices. Our mailing address is 10624 E. Eastern Ave., Ste. A-614, Henderson, NV 89052.
Item 1.01 Entry into a Material Definitive Agreement.
Effective April 16, 2025, PNC Bank, National Association (the “Lender”) extended its line of credit with Research Solutions, Inc. (the “Company”) and Reprints Desk, Inc., a wholly owned subsidiary of the Company (“Reprints Desk” and together with the Company, collectively and individually, the “Borrower”). The expiration date set forth in that certain Revolving Line of Credit Note, by and between the Borrower and the Lender, is extended from April 15, 2025, to April 15, 2026, or such later date as the Lender, in its sole discretion, may designate. All other terms and conditions of the credit facility and any related documents, instruments and agreements remain unchanged and are in full force and effect. The line of credit continues to allow for borrowings up to $500,000.00 and is secured by substantially all of the assets of the Borrower.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RESEARCH SOLUTIONS, INC. | ||
| Date: April 17, 2025 | By: | /s/ William Nurthen |
| William Nurthen | ||
| Chief Financial Officer | ||