ParkerVision, Inc. announced that it has entered into a securities purchase agreement with an accredited investor for a private placement of an unsecured convertible promissory note with a face value of $500,000 and unsecured convertible promissory notes for aggregate face value of $200,000; for an aggregate gross proceeds of $835000 on January 11, 2023. The notes have fixed conversion price of $0.16 per share. The notes are redeemable.

Interest accrues at a rate of 9% per annum on the Notes, and is payable quarterly either in cash.