NEW YORK (TheStreet) -- Parkervision (PRKR) rose 8.57% to $5.32 at 1:35 p.m. on Friday after the company, which develops and markets semiconductor technology solutions for wireless applications, closed the sale of some of its common stock.
The company sold 2,666,666 shares at $4.50 a share for net proceeds of approximately $11.9 million. More than 1.1 million shares had changed hands just after 1:30 p.m., more than the average volume of 704,553.
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