0000000000-18-026703.txt : 20181009 0000000000-18-026703.hdr.sgml : 20181009 20180828112439 ACCESSION NUMBER: 0000000000-18-026703 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180828 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: PARKERVISION INC CENTRAL INDEX KEY: 0000914139 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 592971472 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 8493 BAYMEADOWS WAY CITY: JACKSONVILLE STATE: FL ZIP: 32256 BUSINESS PHONE: 9047371367 MAIL ADDRESS: STREET 1: 8493 BAYMEADOWS WAY CITY: JACKSONVILLE STATE: FL ZIP: 32256 PUBLIC REFERENCE ACCESSION NUMBER: 0000914139-18-000034 LETTER 1 filename1.pdf begin 644 filename1.pdf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Registration Statement on Form S-1 Filed on August 9, 2018 File No. 333-226738 Dear Mr. Parker: We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Registration Statement on Form S-1, file no. 333-226738 Securities Purchase Agreement, page 3 1. We note that the PIPE Agreement provides that on the day following the effectiveness of the registration statement Aspire Capital will purchase 2,500,000 shares of your common stock, provided that the closing price of your common stock on that date is equal to or greater than $0.50 per share. Because of this condition, the investor is not irrevocably bound to purchase a set number of securities for a set purchase price at effectiveness. As a result, please revise your registration statement to identify Aspire Capital as an underwriter, as opposed to "may be deemed" an underwriter. Please see C&DI 139.11 (Securities Act Sections), publicly available on the Commission's website for further Jeffrey Parker ParkerVision, Inc. August 28, 2018 Page 2 guidance. The issuance of debt securities or additional equity securities may impose covenants or restrictions..., page 6 2. We note your discussion of dilution in the third sentence of this risk factor. Please revise to specifically address the dilutive effect of your equity line agreement with Aspire Capital (approximately 3.7 million shares issued to date) and potential dilutive effect related to future issuances over the remaining term of this agreement. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Paul Fischer, Staff Attorney, at 202-551-3415 or Larry Spirgel, Assistant Director, at 202-551-3815 with any questions. FirstName LastNameJeffrey Parker Sincerely, Comapany NameParkerVision, Inc. Division of Corporation Finance August 28, 2018 Page 2 Office of Telecommunications FirstName LastName