ParkerVision Signs Purchase Agreement for Common Stock and Warrants

ParkerVision, Inc. (Nasdaq: PRKR) today announced the signing of a securities purchase agreement for the sale of 3,332,117 shares of its common stock at a price of $0.71 per share and 2,382,718 units, each unit consisting of one share of common stock and 0.3 of a warrant to purchase common stock, at an offering price of $0.81 per unit in a registered offering primarily to institutional investors.

The warrants have an exercise price of $0.88 per share and are exercisable during the five-year period commencing six months following the closing of the transaction.