ROTH Capital Partners Acts as Sole Book-Running Manager for Pixelworks, Inc. (PXLW) in its $17.8 Million Follow-On

   

For more information please contact:

Investment Banking
David Enzer
Managing Director
Investment Banking
(310) 445-5868
denzer@roth.com

Josh Matthew, CFA
Vice President
Investment Banking
(949) 720-7104
jmatthew@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity Capital Markets
(949) 720-5703
agurewitz@roth.com

Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com

Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Pixelworks, Inc. (NASDAQ:PXLW), an innovative provider of video display processing technology enabling the highest quality viewing experience for displays of all sizes, closed an underwritten public offering of 3,250,000 shares of its common stock, as well as the sale of 487,500 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $4.75 per share, resulting in the gross proceeds to Pixelworks, Inc. of approximately $17.8 million.

Pixelworks intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, increasing its working capital, financing of ongoing operating expenses and overhead, and funding of capital expenditures, such as the continued development of solutions for the digital projector, digital television, and mobile device markets. Pending the application of the net proceeds, Pixelworks may invest the proceeds in marketable securities and short-term investments.

ROTH Capital Partners acted as sole book-running manager in the offering.

About Pixelworks, Inc.
Pixelworks creates, develops and markets video display processing technology for digital video applications that demand the very highest quality images. At design centers around the world, Pixelworks engineers constantly push video performance to keep manufacturers of consumer electronics and professional displays worldwide on the leading edge. The company is headquartered in San Jose, CA. For more information, please visit www.pixelworks.com. (Source: Company Press Release 8/7/15)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. and Hong Kong. For more information on ROTH, please visit www.roth.com.

  
 

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