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.
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