Key Developments For Parkervision
Parkervision (PRKR.O) (Consolidated Issue listed on NASDAQ Global Market)
ParkerVision, Inc. Closes Common Stock Offering
ParkerVision, Inc. announced the closing of its previously announced underwritten public offering of 8,000,000 shares of its common stock at a public offering price of $2.00 per share. Piper Jaffray & Co. acted as the sole underwriter and manager for the offering. Net proceeds from the sale of the shares after underwriting discounts and commissions and other offering expenses were approximately $14.6 million. The Company plans to use the net proceeds from the offering for working capital and for other general corporate purposes, including funding its research and sales and marketing activities.
ParkerVision, Inc. Prices Common Stock Offering
ParkerVision, Inc. announced the pricing of its previously announced underwritten public offering of 8,000,000 shares of its common stock at a public offering price of $2.00 per share. Piper Jaffray & Co. acted as the sole underwriter and manager of the offering. Net proceeds from the sale of the shares after underwriting discounts and commissions and other offering expenses are expected to be approximately $14.6 million. The Company plans to use the net proceeds from the offering for working capital and for other general corporate purposes, including funding its research and sales and marketing activities. The offering is expected to close on November 16, 2009.
ParkerVision, Inc. Announces Public Offering Of Common Stock
ParkerVision, Inc. announced that it intends to offer shares of common stock in an underwritten public offering. Piper Jaffray & Co. (Piper Jaffray) is acting as the sole underwriter and manager of the offering. The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on September 14, 2009.
ITT Corporation Selects ParkerVision, Inc. For Development of Military Transceiver Radio Platform Using d2p Wireless Technology
ParkerVision, Inc. announced that it has received a purchase order from ITT Corporation to incorporate ParkerVision's Direct2Power (d2p) wireless technology into transceiver radio platform for use in military radio applications. ParkerVision received a purchase order from its licensee, ITT, for approximately $130,000 for work to be performed under a contract awarded to ITT by the U.S. Army Communications-Electronics-Research, Development and Engineering Center (CERDEC). ITT is the primary contractor under the CERDEC grant with ParkerVision designated as a subcontractor on the program. The objective of this program is to deliver a demonstrable highly integrated transceiver radio system using d2p for purposes of evaluating figures of merit and demonstrating communications improvements enabled by d2p. The program funds will be utilized to retrofit an existing ITT highly-integrated transceiver radio platform with ParkerVision's existing commercial d2p radio frequency integrated circuit (RFIC) technology
ParkerVision, Inc. Files Universal Shelf Registration Statement
ParkerVision, Inc. announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration statement, when declared effective by the SEC, ParkerVision may offer and sell from time to time in the future, in one or more public offerings, up to $50 million of common stock, preferred stock, debt securities or warrants, or any combination thereof. The specifics of any future offering, along with the prices, terms, and the use of proceeds of any such securities offered by ParkerVision, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed at the time of any such offering. ParkerVision's shelf registration statement has been filed with the Securities and Exchange Commission but has not yet become effective. The securities registered may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
