secwatch.observer — SEC 8-K summary
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Issuer:     PARKERVISION INC (PRKR)
CIK:        0000914139
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001654954-22-009133
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914139/000165495422009133/0001654954-22-009133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914139/000165495422009133/prkr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-009133

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