PARKERVISION INC 8-K

What Happened ParkerVision, Inc. announced on March 13, 2026 that it entered into exchange agreements with certain holders of its convertible promissory notes to convert outstanding principal and accrued interest into common stock. Under the agreements the company issued an aggregate of 3,277,099 shares of common stock in exchange for cancellation of notes with $675,000 principal and approximately $13,200 in accrued interest, at an exchange price of $0.21 per share. The exchanges were completed under the Section 3(a)(9) exemption to the Securities Act.

Key Details

• Date: March 13, 2026.
• Debt cancelled: $675,000 principal and ~ $13,200 accrued interest.
• Shares issued: 3,277,099 shares of common stock.
• Exchange price: $0.21 per share.

Why It Matters This transaction reduces ParkerVision’s outstanding convertible debt and future interest obligations by extinguishing the exchanged notes, improving the company’s liabilities profile. At the same time, issuing 3.28 million new shares increases the company’s outstanding common stock and results in dilution for existing shareholders. The exchanges were done with existing noteholders using a registration exemption (Section 3(a)(9)), and no commission was paid to solicit the exchanges. Investors should weigh the benefit of lower debt against the dilution from the newly issued shares.