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ParkerVision (PRKR) registers 1.58M-share resale; notes converted to 3.28M shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

ParkerVision, Inc. filed a Prospectus Supplement registering the resale of 1,578,946 shares of common stock, consisting of 1,052,631 issued shares and 526,315 shares issuable upon exercise of warrants. The selling stockholder will receive proceeds from any resale; the company will not.

The supplement states the Company would receive up to $526,315 if the Warrants are exercised for cash and expects to use any proceeds for general working capital, including payment of litigation expenses. The supplement attaches a Form 8-K reporting that on March 13, 2026 the Company exchanged convertible notes for 3,277,099 shares at an exchange price of $0.21 per share in reliance on Section 3(a)(9), canceling notes with aggregate principal of $675,000 and accrued interest of approximately $13,200.

Positive

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Insights

Resale registration and 3(a)(9) exchanges are procedural but must preserve disclosure controls.

The prospectus supplement registers resale of 1,578,946 shares, including 526,315 warrant shares; proceeds from resale accrue to the selling holder, not the issuer. The supplement attaches a Form 8-K as an update and cites Section 3(a)(9) for the exchange transactions.

Legal dependencies include the exemption condition "exchanged by the issuer with its existing security holders exclusively" and the absence of solicitation fees. Subsequent filings may clarify holder identities and any transfer restrictions affecting resale mechanics.

Cash inflow from full warrant exercise is limited; note-for-equity exchange increases share count.

The filing states up to $526,315 in cash proceeds if warrants are exercised; stated use includes litigation expense and general working capital. The company also issued 3,277,099 shares to cancel $675,000 principal and $13,200 interest under exchange agreements dated March 13, 2026.

Financial impact depends on warrant exercise and dilution from the exchanges. Cash benefit from warrant exercise is explicit; the share issuance was completed under a statutory exemption rather than an offering registration.

Filed pursuant to Rule 424(b)(3)

Registration No. 333-262147

 

PROSPECTUS SUPPLEMENT No. 51

(to Prospectus dated January 24, 2022)

 

PARKERVISION, INC.

1,578,946 Shares of Common Stock

 

This Prospectus Supplement relates to the prospectus dated January 24, 2022, as amended and supplemented from time to time (the “Prospectus”), which permits the resale by the selling stockholder listed in the Prospectus of up to 1,578,946 shares of our common stock, par value $0.01 per share (“Common Stock”) consisting of an aggregate of 1,052,631 shares of Common Stock and 526,315 shares of Common Stock underlying warrants (“Warrants”) issued pursuant to a securities purchase agreement dated December 14, 2021.

 

We will not receive proceeds from the sale of the shares of Common Stock by the selling stockholder. To the extent the Warrants are exercised for cash, we will receive up to an aggregate of $526,315 in gross proceeds.  We expect to use the proceeds received from the exercise of the Warrants, if any, for general working capital purposes, including payment of litigation expenses.

 

This Prospectus Supplement is being filed to update and supplement the information previously included in the Prospectus with the information contained in our Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2026.  Accordingly, we have attached the 8-K to this prospectus supplement.  You should read this prospectus supplement together with the prospectus, which is to be delivered with this prospectus supplement.

 

Any statement contained in the Prospectus shall be deemed to be modified or superseded to the extent that information in this Prospectus Supplement modifies or supersedes such statement.  Any statement that is modified or superseded shall not be deemed to constitute a part of the Prospectus except as modified or superseded by this Prospectus Supplement. 

 

This Prospectus Supplement should be read in conjunction with, and may not be delivered or utilized without, the Prospectus.

 

Our Common Stock is listed on the OTCQB Venture Capital Market under the ticker symbol “PRKR.”

 

Investing in our securities involves a high degree of risk. See Risk Factors beginning on page 5 of the Prospectus for a discussion of information that should be considered in connection with an investment in our securities.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined whether this Prospectus or Prospectus Supplement is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this Prospectus Supplement is March 13, 2026.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): March 13, 2026

 

PARKERVISION, INC.

(Exact Name of Registrant as Specified in Charter)

     

Florida

000-22904

59-2971472

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

   

4446-1A Hendricks Avenue Suite 354, Jacksonville, Florida

32207

(Address of Principal Executive Offices)

(Zip Code)

 

(904) 732-6100

(Registrant’s Telephone Number, Including Area Code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

   

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

   

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

None

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.

 

Emerging growth company   ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

 

 

 

 

Item 1.01              Entry into a Material Definitive Agreement.

 

On March 13, 2026, ParkerVision, Inc., a Florida corporation (the “Company”) entered into  exchange agreements (each an "Exchange Agreement" and collectively, the "Exchange Agreements") with certain holders (the "Holders") of the Company's outstanding convertible promissory notes (the "Exchange Notes").

 

Pursuant to the Exchange Agreements,  the Holders agreed to exchange the outstanding principal amount of the Exchange Notes held by them, together with accrued and unpaid interest thereon through the closing date of the exchange, for shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) at an exchange price of $0.21 per share (the “Exchange Price”).

 

The exchanges were effected pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”), which provides an exemption from registration for securities exchanged by the issuer with its existing security holders exclusively where no commission or other remuneration is paid or given directly or indirectly for soliciting such exchange.

 

In connection with the exchanges, the Company issued an aggregate of 3,277,099 shares of Common Stock to the Holders in exchange for the cancellation of Exchange Notes having an aggregate outstanding principal amount of $675,000 and accrued and unpaid interest of approximately $13,200.

 

Upon completion of the exchanges, the Exchange Notes surrendered by the Holders were cancelled and extinguished and are no longer outstanding.

 

The Exchange Agreements contain customary representations and warranties of the parties and provide that the Exchange Shares are being issued pursuant to the exemption from registration provided by Section 3(a)(9) of the Securities Act.  The foregoing description of the Exchange Agreements does not purport to be complete and is qualified in its entirety by reference to the form of Exchange Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 3.02              Unregistered Sales of Equity Securities.

 

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

 

On March 13, 2026, the Company issued an aggregate of 3,277,099 shares of its Common Stock to the Holders in exchange for the cancellation of Exchange Notes having an aggregate outstanding principal amount of  $675,000 and accrued and unpaid interest of approximately $13,200.

 

The shares of Common Stock issued in the exchanges (the “Exchange Shares”) were issued in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act. The Exchange Shares were issued solely to existing holders of the Exchange Notes and no commission or other remuneration was paid or given directly or indirectly for soliciting the exchanges.

 

 Item 9.01              Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit

Description

10.1* Form of Exchange Agreement, dated March 13, 2026, between ParkerVision, Inc. and the noteholders party thereto *
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

* Filed herewith

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

     

Dated: March 13, 2026

   
   

PARKERVISION, INC.

     
   

By: /s/ Cynthia French

   

Cynthia French

   

Chief Financial Officer

 

 

FAQ

What does ParkerVision's Prospectus Supplement register (PRKR)?

It registers the resale of 1,578,946 shares of common stock, including 526,315 shares underlying warrants; selling holders, not the company, receive resale proceeds.

Will ParkerVision receive any proceeds from these registered shares?

No proceeds from resale will go to the Company. If the registered Warrants are exercised for cash, the Company could receive up to $526,315 in gross proceeds.

What was reported on the attached Form 8-K dated March 13, 2026?

The Company reported exchange agreements converting convertible notes into 3,277,099 shares at $0.21 per share, canceling notes with $675,000 principal and ~$13,200 accrued interest.

How does ParkerVision intend to use any cash from warrant exercises?

The Company states it expects to use proceeds from any warrant exercises for general working capital, specifically mentioning payment of litigation expenses among uses.
Parkervision

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39.64M
120.59M
Semiconductors
Technology
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United States
Jacksonville