Recent 8-K filings for PXLW
Highest-materiality recent filing
Pixelworks to sell Shanghai subsidiary to VeriSilicon for ~$133M; net proceeds ~$50-60M
- RMB 950M (~$133M) equity value; net cash proceeds ~$50-60M after transfers, costs, taxes.
- Requires 67% shareholder approval; closing targeted by Dec 31, 2025.
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Pixelworks shareholders approve 300K share increase to stock incentive plan
Shareholders approved amendment to 2006 Stock Incentive Plan, increasing authorized shares by 300,000 to 2,940,278.
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Pixelworks reports Q1 cash $58M; completes sale of Shanghai unit, authorizes $5M buyback
Closed sale of Shanghai semiconductor subsidiary to VeriSilicon in January 2026; restructuring to focus on technology licensing.
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Pixelworks approves $5M share repurchase program, first in company history
Board authorized up to $5M in common stock repurchases over two years starting May 15, 2026.
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Pixelworks closes Shanghai unit sale for ~$51M, pivots to licensing model
Sale of Pixelworks Shanghai to VeriSilicon closed Jan 2026; $51M added to $11.2M year-end cash.
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Pixelworks appoints Douglas Darrow to board; Todd DeBonis named Chairman after John Liu resignation
John Y. Liu resigned as director effective Jan 14, 2026; no disagreement with Company operations.
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Pixelworks Committee approves transaction bonuses for CEO and CFO, waives Dec 31 closing condition
Approved bonuses under Aug 2025 (CEO Todd DeBonis) and Oct 2025 (CFO Haley Aman) transaction bonus agreements.
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Pixelworks closes sale of Shanghai unit for ~$51M net; pro forma shows continued losses
Net cash proceeds ~$51M after $9.45M China withholding tax and $6.2M transaction costs.
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Pixelworks closes sale of Shanghai subsidiary for ~$51M net cash proceeds
Sale closed Jan. 6, 2026; buyer is Tiansui Xinyuan Technology, led by VeriSilicon.
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Pixelworks shareholders approve sale of Shanghai subsidiary; advisory vote passes
Proposal 1 sale of Shanghai sub: For 3,833,042, Against 65,702, Abstain 30,478; ~61% of shares voted for.
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Pixelworks board directs sale of Shanghai subsidiary; close expected early Jan 2026
Board determined sale of PWSH does not require shareholder approval; will not seek additional proxies.
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Pixelworks adjourns special meeting again for sale of Shanghai subsidiary; vote pending Dec 31, 2025
Dec 19, 2025 special meeting reconvened but lacked 67% shareholder approval for Proposal 1 (sale of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd.).
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Pixelworks special meeting adjourned again; sale vote still lacks required 67% approval
Proposal 1 to sell Pixelworks Semiconductor Technology (Shanghai) needs 67% of outstanding shares; only ~60% voted in favor as of Dec. 8.
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Shareholders voted 98% in favor of sale, but only 57% of outstanding shares voted, short of 67% requirement.
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Pixelworks Q3 revenue $8.8M, net loss $4.4M; announces sale of Shanghai subsidiary
Q3 revenue $8.8M (up 6% sequentially, down from $9.5M YoY); GAAP gross margin 49.8% (up 400bps sequentially).
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Pixelworks sells 37 patents for $3M, expects $3M gain in Q4 2025
Sold 37 patents to an unrelated third party for $3.0 million.
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Pixelworks to sell Shanghai subsidiary to VeriSilicon for ~$133M; net proceeds ~$50-60M
RMB 950M (~$133M) equity value; net cash proceeds ~$50-60M after transfers, costs, taxes.
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Pixelworks raises $7M in direct offering; discloses potential sale of Shanghai subsidiary
Sold 666,667 shares at $10.50/share to two institutional investors; gross proceeds ~$7M; expected close Oct 7, 2025.
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Pixelworks Q2 revenue $8.3M, net loss $6.7M; evaluating strategic options for Shanghai unit
Revenue $8.3M, up 16% sequentially but down from $8.5M a year ago; GAAP net loss $6.7M ($1.27/share).
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Pixelworks shareholders approve reverse stock split; board sets 1-for-12, effective June 6
Shareholders approved reverse stock split at ratio range 1:5 to 1:12 at May 23 annual meeting.
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Pixelworks Q1 revenue $7.1M, down 56% YoY; net loss widens to $7.8M
Revenue $7.1M vs $16.1M Q1 2024; mobile revenue up 140% sequentially.
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Pixelworks approves 4% workforce reduction; expects $0.6M restructuring charges, $2M annual savings
Board approved restructuring on May 1, 2025; ~4% workforce reduction, primarily in R&D.
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Pixelworks raises ~$1.45M in registered direct offering of 1.97M shares at $0.736/share
Sold 1,970,106 shares at $0.736/share (closing price on March 24, 2025) for gross proceeds of ~$1.45M.
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Transfer to Nasdaq Capital Market effective March 11, 2025 approved by Nasdaq on March 7, 2025.
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Pixelworks approves restructuring plan cutting ~6% of workforce, expects $0.4M severance charges
Board approved restructuring on Feb 25, 2025; workforce reduction of ~6% in operations, R&D, and marketing.
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Pixelworks Q4 revenue falls to $9.1M; net loss $5.4M; PWSH repurchase request received
Q4 2024 revenue $9.1M vs $20.1M YoY; GAAP net loss $5.4M ($0.09) vs $3.7M ($0.07) YoY.
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Pixelworks enters $10M ATM equity offering agreement with Roth Capital Partners
Sales Agreement dated Nov 14, 2024 with Roth Capital for up to $10M of common stock via ATM.
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Pixelworks Q3 rev $9.5M (+12% q/q), GAAP net loss $0.14/sh; secures Universal TrueCut deal
Revenue $9.5M, up 12% sequentially from $8.5M, down 40% YoY from $16.0M.
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Pixelworks receives Nasdaq bid price deficiency notice; has until Mar 10, 2025 to regain compliance
Stock closed below $1.00 for 30 consecutive business days triggering Nasdaq Listing Rule 5450(a)(1).
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Pixelworks Q2 revenue $8.5M, loss widens; workforce cut for $4M savings
Revenue $8.5M, down 37% QoQ from $16.1M and down 38% YoY from $13.6M.
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Pixelworks announces restructuring with ~16% workforce reduction, expects $1.7M in severance charges
Board approved ~16% workforce reduction across operations, R&D, sales, marketing, and admin.
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Pixelworks shareholders elect director slate, approve equity plan and auditor at 2024 annual meeting
All seven board nominees elected: DeBonis, Bunszel, Butler, Gibson, Heneghan, Liu, Tupman.
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Pixelworks Q1 revenue up 61% YoY to $16.1M; mobile revenue record 61% of total
Total revenue $16.1M, up 61% YoY; mobile revenue $9.8M (61% of total), up ~200% YoY.
Earnings & guidance
Materiality & sentiment trend
Max materiality 1.00 · Median 0.65 · Most common event other_material