Research Solutions Announces Cooperation Agreement with Peter Derycz and Bristol Investment Fund, Ltd.
HENDERSON, Nev. , Sept. 18, 2023 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS) (the "Company"), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler (collectively, the "Investor Group"), which collectively own 5,921,930 shares of the Company's outstanding common stock.
- HENDERSON, Nev. , Sept. 18, 2023 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS) (the "Company"), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Peter Derycz, Bristol Investment Fund, Ltd., Bristol Capital Advisors, LLC and Paul Kessler (collectively, the "Investor Group"), which collectively own 5,921,930 shares of the Company's outstanding common stock.
- During the term of the Cooperation Agreement, the Investor Group has also agreed to customary standstill provisions and voting commitments.
- "The Investor Group is appreciative of the collaborative approach taken by the Board in reaching this resolution," said Peter Derycz.
- A copy of the Cooperation Agreement will be included as an exhibit to the Company's Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission.