{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-020676","form_type":"8-K","ticker":"QPRC","cik":"0000824416","company_name":"QUEST PATENT RESEARCH CORP","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.193380+00:00","generated_at":"2026-06-18T01:21:51.031785+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Quest Patent Research enters $32.3M financing deal for patent acquisitions","bullets":["QF3 provides up to $4M for operating expenses, $3.3M for Tower Semiconductor patent portfolio, and up to $25M for future patent purchases.","In exchange, QF3 receives a portion of net proceeds from patent monetization; payments are non-recourse except upon default.","Intercreditor agreement with Intelligent Partners LLC must be signed by March 17, 2023, or $3.3M will be returned to QF3.","Security interest granted in patents and proceeds; events of default include CEO departure, insolvency, or breach of agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-020676","json":"https://secwatch.observer/filing/0001213900-23-020676.json","markdown":"https://secwatch.observer/filing/0001213900-23-020676.md","text":"https://secwatch.observer/filing/0001213900-23-020676.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/824416/000121390023020676/0001213900-23-020676-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/824416/000121390023020676/ea175366-8k_questpatent.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T01:21:51.031785+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"588d03f72daf246a96de881b8a35578ca4e6dabb","claim":"QUEST PATENT RESEARCH CORP entered into Purchase Agreement with QPRC Finance III LLC (effective 2023-03-12).","evidence_excerpt":"On March 12, 2023, the Company and its newly formed wholly-owned subsidiary, Harbor Island Dynamic LLC (“Harbor”), entered into a series of agreements, all dated March 12, 2023, with QF3, a non-affiliated party, including a prepaid forward purchase agreement (the “Purchase Agreement”), a security agreement (the “Security Agreement”), a patent security agreement (the “Patent Security Agreement”","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/824416/000121390023020676/0001213900-23-020676-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"QPRC Finance III LLC"},{"label":"Effective","value":"2023-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}