ParkerVision Announces Private Placement of Common Stock
22 January 2016 - 2:03AM
ParkerVision, Inc. (Nasdaq:PRKR) (“ParkerVision”), a developer and
marketer of semiconductor technology solutions for wireless
applications, today announced the signing of a securities purchase
agreement with an accredited investor (“Investor”) for the sale of
4,545,455 shares of common stock at a purchase price of $0.22 per
share for aggregate gross proceeds of approximately $1,000,000.
The securities purchase agreement contains customary
representations and warranties and covenants of ParkerVision and is
subject to customary closing conditions. ParkerVision anticipates
that the sale of the shares will close on or about January 25,
2016, subject to the satisfaction or waiver of closing
conditions.
The shares are being offered and sold solely to an accredited
investor on a private placement basis. The shares being offered
have not been registered under the Securities Act and may not be
offered or sold in the United States absent an applicable exemption
from registration requirements.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About ParkerVision
ParkerVision, Inc. designs, develops and markets its proprietary
radio-frequency (RF) technologies, which enable advanced wireless
solutions for current and next generation communications networks.
Protected by a highly-regarded, worldwide patent portfolio, the
Company’s solutions for wireless transfer of RF waveforms address
the needs of a broad range of wirelessly connected devices for high
levels of RF performance coupled with best-in-class power
consumption. For more information please visit
www.parkervision.com. (PRKR-G).
Safe Harbor Statement
This press release contains forward-looking information.
Readers are cautioned not to place undue reliance on any such
forward-looking statements, each of which speaks only as of the
date made. Such statements are subject to certain risks and
uncertainties which are disclosed in the Company’s SEC reports,
including the Form 10K for the year ended December 31, 2014 and the
Forms 10Q for the quarters ended March 31, June 30, and September
30, 2015. These risks and uncertainties could cause actual
results to differ materially from those currently anticipated or
projected.
Contact:
Cindy Poehlman
Chief Financial Officer
ParkerVision, Inc.
904-732-6100
cpoehlman@parkervision.com
or
Don Markley
The Piacente Group
212-481-2050
parkervision@tpg-ir.com
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