Pixelworks Announces $7M Registered Direct Offering Of 666,667 Shares At A Price Of $10.50/Share
Benzinga Newsdesk 1 year ago
NewsOfferings
Pixelworks, Inc. (NASDAQ:PXLW), a leading provider of innovative video and display processing solutions, today announced that it has entered into a common stock purchase agreement with two fundamental institutional
Pixelworks, Inc. (NASDAQ:PXLW), a leading provider of innovative video and display processing solutions, today announced that it has entered into a common stock purchase agreement with two fundamental institutional investors for the sale of 666,667 shares of common stock at a price of $10.50 per share. Gross proceeds to the Company are expected to be approximately $7 million, excluding placement agent fees and offering related expenses.
The offering is expected to close on October 7, 2025, subject to customary closing conditions. Pixelworks intends to use the net proceeds from the offering for working capital and general corporate purposes.
Roth Capital Partners served as sole placement agent for the transaction.