Pixelworks raises $7M in direct offering; discloses potential sale of Shanghai subsidiary

PIXELWORKS, INC

Sold 666,667 shares at $10.50/share to two institutional investors; gross proceeds ~$7M; expected close Oct 7, 2025.
Net proceeds to be used for working capital and general corporate purposes.
Roth Capital Partners acted as placement agent; fee of 5.5% (~$385k).
Directors and officers subject to 30-day lock-up on stock sales.
In discussions to sell common stock of subsidiary Pixelworks Semiconductor Technology (Shanghai); requires board, definitive agreement, and 67% shareholder approval.

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