---
schema_version: "secwatch.filing_event.v1"
accession: "0001040161-22-000051"
form_type: "8-K"
ticker: "PXLW"
cik: "0001040161"
company_name: "PIXELWORKS, INC"
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:15:38.371926+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pixelworks subsidiary PWSH raises $15.7M from Chinese investors; reaffirms Q4 revenue guidance

## Summary
- Investors commit RMB 100M ($14.3M) for 2.76% of PWSH at ~$501M pre-money valuation.
- Employee ESOP commits RMB 9.8M ($1.4M) for 0.54% at ~$250.7M pre-money valuation (50% discount).
- Post-closing Pixelworks holds 78.2% of PWSH; total proceeds to PWSH ~$15.7M.
- PWSH plans to file for STAR Market IPO in 2023; investors get 10% return put on change of control.
- Reaffirmed Q4 2022 revenue guidance of $16M to $18M, originally provided Nov 7, 2022.

## SEC filing metadata
- accession: 0001040161-22-000051
- form_type: 8-K
- ticker: PXLW
- cik: 0001040161
- company_name: PIXELWORKS, INC
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040161/000104016122000051/0001040161-22-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040161/000104016122000051/pxlw-20221221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040161-22-000051
- JSON: https://secwatch.observer/filing/0001040161-22-000051.json
- Plain text: https://secwatch.observer/filing/0001040161-22-000051.txt

## Key facts
- Material Agreements
  PIXELWORKS, INC entered into Capital Increase Agreement with certain private equity investors (Beijing E-town Changhou Display Chip Venture Capital Center (Limited Partnership) and Yangzhou Qizheng Equity Investment Partnership (Limited Partnership)) and Jing Xin Ying (Shanghai) Management Consulting Partnership (Limited Partnership) (ESOP) valued at approximately RMB 109.8 million ($15.7 million USD) (effective 2022-12-21).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain private equity investors (Beijing E-town Changhou Display Chip Venture Capital Center (Limited Partnership) and Yangzhou Qizheng Equity Investment Partnership (Limited Partnership)) and Jing Xin Ying (Shanghai) Management Consulting Partnership (Limited Partnership) (ESOP)
  - Value: approximately RMB 109.8 million ($15.7 million USD)
  - Effective: 2022-12-21
  source text: On December 21, 2022, the Company and its subsidiary, PWSH, entered into a Capital Increase Agreement (“CIA”) with certain private equity investors based in China (Beijing E-town Changhou Display Chip Venture Capital Center (Limited Partnership) and Yangzhou Qizheng Equity Investment Partnership (Limited Partnership)) (collectively, the “Investors”) and Jing Xin Ying (Shanghai) Management Consulting Partnership (Limited Partnership), an entity owned by certain of the employees of PWSH (the “ESOP”)(none of the employees are a named executive officer of the Company).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040161/000104016122000051/0001040161-22-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.