Pixelworks (NASDAQ: PXLW) has closed an underwritten public offering of 5,635,000 shares of its common stock, including 735,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, Pixelworks secured approximately $13.8 million in gross proceeds, with each of the shares sold at a public offering price of $2.45. Roth Capital Partners (“ROTH”) acted as joint book-running manager for the offering.
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About Pixelworks Inc.
Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The company has a 20-year history of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. Pixelworks is headquartered in San Jose, California. For more information, please visit www.Pixelworks.com.
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