Quest Patent Research Enters into $27 Million Capital Facility for Acquisition Growth Capital
Management is scheduled to host a shareholder update conference call on Tuesday, March 2nd at 8:30 a.m.
- Management is scheduled to host a shareholder update conference call on Tuesday, March 2nd at 8:30 a.m.
- The Capital Facility will provide up to $27.0 million for the purchase of intellectual property portfolios with up to $2.0 million being available to the Company's for working capital at its discretion.
- QFL and the Company share equally in proceeds after QFL has received an agreed upon return on capital deployed from the Capital Facility.
- Extinguishment of Legacy Secured Convertible Note:
In conjunction with closing on the Capital Facility, the Company's legacy secured convertible note has been extinguished.