JACKSONVILLE, Fla., Nov. 01, 2017 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR) ("ParkerVision" or "Company"), announced that it has filed an S-1 registration statement with the Securities and Exchange Commission in accordance with the previously announced transaction with Aspire Capital Fund, LLC ("Aspire Capital"). The registration statement covers the 312,500 shares sold to Aspire Capital at $1.60 per share, 267,500 shares issued to Aspire Capital as a commitment fee, and 3.4 million shares of common stock which may be sold incrementally in the future, over a 30-month period, at the Company's sole discretion, at prices based on the market price at the time of each purchase. Aspire Capital
has committed to purchase up to a maximum of $20 million over the term of this agreement. The Company filed a Current Report on Form 8-K on October 18, 2017 which discusses the details of the transaction.
This news release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such offer, solicitation or sale is unlawful.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the prospectus relating to the offering may be obtained from the Securities and Exchange Commission at
http://www.sec.gov, or by contacting the Company at 7915 Baymeadows Way, Suite 400, Jacksonville, Florida 32256.
About ParkerVision, Inc.
ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies, which enable advanced wireless solutions for current and next generation communications networks. Currently developing several new products to enhance Wi-Fi connectivity for small businesses and consumers, ParkerVision has recently unveiled a family of products under the Milo™ brand that leverages existing Wi-Fi infrastructure to create more optimal Wi-Fi
configuration and superior coverage. For more information please visit www.parkervision.com. (PRKR-G)
Safe Harbor Statement
This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports, including the Form 10-K for the year ended December 31, 2016 and the Forms 10-Q for the quarters ended March 31, 2017 and June 30, 2017. These risks and uncertainties
could cause actual results to differ materially from those currently anticipated or projected.
Chief Financial Officer
The Piacente Group
Source: ParkerVision, Inc.
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