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ParkerVision Completes Sale of $10 Million Under ATM

PARKERVISION (PRKR)  More Company Research Source: GlobeNewswire
Last parkervision earnings: 11/14 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.parkervision.com
PDF JACKSONVILLE, Fla., March 10, 2017 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today announced that it has completed the sale of approximately 4.1 million shares of its common stock at an average price of $2.46 per share, for aggregate gross proceeds of $10 million, pursuant to an At Market Issuance Sales Agreement (“ATM Agreement”).  The ATM Agreement, which the Company entered into with FBR Capital Markets in December 2016, has now concluded.  In addition to the ATM Agreement proceeds, one of the Company’s newly appointed directors, Mr. Paul Rosenbaum, purchased approximately $170,000 of the Company’s unregistered common stock at market in February.  ParkerVision CEO, Jeffrey Parker commented, “The funds raised from the ATM Agreement provide us with the flexibility and financial pathway to achieve our strategic objectives.  We are well-positioned to successfully launch our new Wi [Read more]

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