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Quest Patent Research Corporation (OTCQB: QPRC) has launched Digital IP Advisors Inc. (DIPA), an advisory service focusing on intellectual property (IP) in the realms of NFTs, cryptocurrencies, and digital assets. With the growing complexity of IP issues in digital spaces, DIPA aims to provide guidance on ownership, licensure, and monetization. The Company recently secured a capital facility of up to $27.0 million and has been involved in multiple patent acquisitions and licensing campaigns, positioning itself as a leader in IP management.
Quest Patent Research Corporation (OTCMKTS: QPRC) has secured a $27.0 million capital facility from QPRC Finance LLC, aimed at acquiring intellectual property portfolios and providing working capital. The Company extinguished its legacy secured convertible notes, replacing them with a contingent interest obligation linked to monetization proceeds. Additionally, Quest appointed Ryan Logue as an independent director and engaged a team of advisors for strategic initiatives. This financial backing is expected to enhance operational capabilities and drive growth. A shareholder update call is scheduled for March 2, 2021.