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.
-
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.
-
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.
-
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.
-
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.
-
Pixelworks closes sale of Shanghai subsidiary for ~$51M net cash proceeds
Sale closed Jan. 6, 2026; buyer is Tiansui Xinyuan Technology, led by VeriSilicon.
-
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.
-
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.).
-
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.
-
Shareholders voted 98% in favor of sale, but only 57% of outstanding shares voted, short of 67% requirement.
-
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).
-
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.
-
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.
-
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).
-
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.
-
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.
-
Transfer to Nasdaq Capital Market effective March 11, 2025 approved by Nasdaq on March 7, 2025.
-
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.
-
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.
-
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.
-
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).
-
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.
-
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.
-
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