ParkerVision issues $350K convertible notes at $0.13/share, 8% interest, due 2027

PARKERVISION INC

Company sold $350,000 aggregate face value of convertible notes to accredited investors on June 30, 2022.
Notes convertible at $0.13 per share, mature June 30, 2027; interest 8% per annum payable quarterly.
Proceeds will fund operations; default rate increases to 12%; registration rights agreement with liquidated damages up to 6%.
Holders include Forge Trust (Andrew Tobias IRA, $200K), John F. Levy ($100K), and two others at $25K each.

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