ParkerVision (PRKR) Enters SPA for 8.14M Common at $1.05/Share
Tweet
Share
E-mailGet Alerts PRKR Hot Sheet
Join SI Premium – FREE
ParkerVision, Inc. (Nasdaq: PRKR) announced the signing of a securities purchase agreement for the sale of 8,139,050 shares of its common stock at a price of $1.05 per share, in a registered offering to certain institutional and other investors.
Upon closing, net proceeds from the sale of the shares, after deducting the placement agent's fees and the other offering expenses, are expected to be approximately $8.4 million. The offering is subject to customary closing conditions and is expected to close on or about April 18, 2012. The Company plans to use the net proceeds from the offering for working capital and for other general corporate purposes, including funding its research, its sales and marketing activities and its infringement litigation.
Upon closing, net proceeds from the sale of the shares, after deducting the placement agent's fees and the other offering expenses, are expected to be approximately $8.4 million. The offering is subject to customary closing conditions and is expected to close on or about April 18, 2012. The Company plans to use the net proceeds from the offering for working capital and for other general corporate purposes, including funding its research, its sales and marketing activities and its infringement litigation.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
- Boeing names Ryan Shedd as new SVP and controller
- Nuvectis Pharma (NVCT) files $200M mixed shelf
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
