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Research Solutions, Inc. (RSSS) has announced a $5.2 million private placement with an institutional investor, directors, and management. The financing consists of 5.2 million units at $1.00 per unit, with each unit including one share of common stock and one warrant to purchase three-tenths of a share at $1.25 per share. The warrants are exercisable for five years. The financing closed on June 24, 2016.
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