JACKSONVILLE, Fla., March 25, 2011 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR) ("ParkerVision") today announced the signing of a securities purchase agreement for the sale of 3,332,117 shares of its common stock at a price of $0.71 per share and 2,382,718 units, each unit consisting of one share of common stock and 0.3 of a warrant to purchase common stock, at an offering price of $0.81 per unit in a registered offering primarily to institutional investors. The warrants have an exercise price of $0.88 per share and are exercisable during the five-year period commencing six months following the closing of the transaction. Hudson Securities, Inc., a subsidiary of Hudson Holding Corporation (OTCBB:HDHL), acted as the company's placement agent in connection with the offering.
ParkerVision Signs Purchase Agreement For Common Stock And Warrants
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