Pixelworks closes sale of Shanghai unit for ~$51M net; pro forma shows continued losses

PIXELWORKS, INC

Net cash proceeds ~$51M after $9.45M China withholding tax and $6.2M transaction costs.
Pro forma net loss from continuing ops: 9mo 2025 $7.4M ($1.24/sh), FY2024 $13.2M ($2.38/sh), FY2023 $10.0M ($2.13/sh).
Registered direct offering of 666,667 shares at $10.50/sh closed Oct 7, 2025, raising $7M gross ($6.54M net).
One-time restructuring charges of $1.7M and estimated cash bonuses of $0.8M recorded in pro forma adjustments.
~$1.2M held in escrow for tax matters; non-exclusive patent license granted to Pixelworks by sold entity.

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