{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-034342","form_type":"8-K","ticker":"QPRC","cik":"0000824416","company_name":"QUEST PATENT RESEARCH CORP","filed_at":"2025-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.407543+00:00","generated_at":"2026-05-23T08:41:57.750925+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Quest Patent Research enters up to $19.5M financing with QPRC Finance for patent acquisition and enforcement","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-034342","json":"https://secwatch.observer/filing/0001213900-25-034342.json","markdown":"https://secwatch.observer/filing/0001213900-25-034342.md","text":"https://secwatch.observer/filing/0001213900-25-034342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/824416/000121390025034342/0001213900-25-034342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/824416/000121390025034342/ea0239160-8k_quest.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T08:41:57.750925+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}