Quest Patent Research enters up to $19.5M financing with QPRC Finance for patent acquisition and enforcement

QUEST PATENT RESEARCH CORP

Total financing up to $19.5M: $3M for operating expenses, $9M for patent purchase, $7.5M for enforcement costs.
On April 18, 2025, MR used $9M from the facility to purchase over 2,500 patents from Monterey (data storage security and semiconductor).
Company requested $750,000 in operating capital from the facility; as of filing date, capital not yet provided.
Net proceeds from patent monetization are distributed to QPRC Finance under a waterfall agreement; non-recourse except on event of default.
Intelligent Partners executed a subordination agreement and notified the company it intends to exercise board observation rights.

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