debt
confidence high
sentiment neutral
materiality 0.50
ParkerVision amends convertible notes with GEM LP, extends maturities and lowers conversion price on 2023 note
PARKERVISION INC
- Extended $500K 2019 note maturity to Dec 1, 2024; auto-renewable to July 2025, then up to ten 1-yr extensions at 7.5% interest.
- Extended $400K 2020 note and $500K 2023 note with up to ten automatic one-year extensions at original 8% and 9% rates.
- Reduced conversion price on the 2023 note from $0.16 to $0.11 per share.
- GEM LP may increase its Maximum Ownership Percentage to 19.99% upon request, with 61-day delay.
- Extended a $50K accredited investor note to Jan 15, 2026, maintaining 8% interest and $0.10 conversion.