secwatch.observer — SEC 8-K summary
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Issuer:     PARKERVISION INC (PRKR)
CIK:        0000914139
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001437749-24-022660
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ParkerVision amends convertible notes with GEM LP, extends maturities and lowers conversion price on 2023 note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914139/000143774924022660/0001437749-24-022660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914139/000143774924022660/prkr20240710_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-022660

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