Item 1.01. Entry into a Material Definitive Agreement

On May 4, 2023, ParkerVision, Inc. (the "Company") entered into a confidential letter agreement with Brickell Key Investments ("Brickell"), a special purpose fund under the management of Brickell Key Asset Management Limited, a Guernsey-based asset manager, whereby Brickell provided $5.0 million in additional funding to the Company. The new funding has substantially similar repayment terms as those set forth in the existing Claims Proceeds Investment Agreement between Brickell and the Company, dated February 24, 2016, as amended, but for a lower interest rate. The Company will use the proceeds for working capital purposes.

Item 2.03. Creation of a Direct Financial Obligation

The information set forth in Item 1.01 is incorporated under this Item 2.03 by reference.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses