ParkerVision, Inc. (NasdaqCM:PRKR) announced that it has entered into a securities purchase agreement for private placement of convertible promissory notes due September 7, 2023 for gross proceeds of $900,000 on September 10, 2018. The transaction included participation from Gem Partners L.P., a fund managed by GEM Investment Advisors, Inc. for $400,000, Jeffrey L. Parker for $100,000, Paul A. Rosenbaum for $100,000, Lewis H. Titterton for $100,000, Stacie P. Wilf for $100,000, Forrest John Bahl for $50,000, and Tucochan LLC for $50,000. The note carries a fixed coupon of 8% per annum is payable beginning on March 7, 2019 and in quarterly installments and would mature on September 7, 2023. The note is convertible into common shares of the company at a fixed conversion price of $0.40 per share. The notes are issued at par value. The company may prepay the outstanding principal amount of the notes, along with any accrued interest, at cash premium of 125% prior to the two-year anniversary, 120% prior to the three-year anniversary, 115% prior to the four-year anniversary or 110% thereafter. The company has issued securities pursuant to exemption provided under Section 4(a)(2) of the Securities Act Regulation D.