ParkerVision Closes Previously Announced Sale of Warrants
January 16 2015 - 7:00AM
ParkerVision, Inc. (Nasdaq:PRKR) ("ParkerVision") announced the
closing on January 15, 2015 of its previously announced sale of
warrants to 1624 PV LLC for an aggregate purchase price of
$1,300,000. ParkerVision issued three warrants, each exercisable
for up to 1,884,058 shares of common stock at exercise prices of
$1.50, $2.50 and $3.50 per share, respectively. The warrants
are exercisable for a period of three years from the date of
issuance.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, the shares of common stock or the
warrants, nor shall there be any sale of the shares of common stock
or warrants in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification of the shares and warrants under the securities laws
of any such state or jurisdiction.
About ParkerVision, Inc.
ParkerVision designs, develops and sells its proprietary RF
technologies which enable advanced wireless communications for
current and next generation mobile communications
networks. ParkerVision is headquartered in Jacksonville,
Florida. (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 ParkerVision's SEC reports,
including the Form 10-K for the year ended December 31, 2013, and
the Forms 10-Q for the quarters ended March 31, June 30, and
September 30, 2014. 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 or
Glenn Garmont
The Piacente Group
212-481-2050
parkervision@tpg-ir.com
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