PARKERVISION INC (PRKR): debt financing — ParkerVision secures $5.0M additional funding from Brickell Key at lower interest rate

PARKERVISION INC

ParkerVision entered into a confidential letter agreement with Brickell Key Investments for $5.0M additional funding.
Repayment terms substantially similar to existing 2016 Claims Proceeds Investment Agreement but at lower interest rate.
Proceeds will be used for general working capital purposes.

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PARKERVISION INC incurred debt of $5.0 million with Brickell Key Investments.

Principal: $5.0 million
Counterparty: Brickell Key Investments
Event: incurrence

Exact text from the filing

On May 4, 2023, ParkerVision, Inc. (the "Company") entered into a confidential letter agreement with Brickell Key Investments ("Brickell"), a special purpose fund under the management of Brickell Key Asset Management Limited, a Guernsey-based asset manager, whereby Brickell provided $5.0 million in additional funding to the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PARKERVISION INC entered into a credit facility with Brickell Key Investments valued at $5.0 million (effective 2023-05-04).

Action: entry
Agreement: credit facility
Counterparty: Brickell Key Investments
Value: $5.0 million
Effective: 2023-05-04

Exact text from the filing

On May 4, 2023, ParkerVision, Inc. (the "Company") entered into a confidential letter agreement with Brickell Key Investments ("Brickell"), a special purpose fund under the management of Brickell Key Asset Management Limited, a Guernsey-based asset manager, whereby Brickell provided $5.0 million in additional funding to the Company.

View on SEC.gov

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PARKERVISION INC filing history →

Source: SEC EDGAR

accession 0001437749-23-012805

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