Pixelworks to Reconvene Special Meeting of Shareholders on December 8, 2025
Special Meeting Adjournment: Pixelworks, Inc. announced that its Special Meeting of Stockholders on November 26, 2025, was adjourned until December 8, 2025, due to insufficient shareholder approval for Proposal 1, which seeks to authorize the sale of its subsidiary, Pixelworks Semiconductor Technology (Shanghai).
Voting Urgency: Shareholders who have not yet voted are encouraged to do so before the deadline of December 7, 2025, at 11:59 p.m. Eastern time, to ensure their votes are counted for Proposal 1, which has received significant support but still lacks the required 67% approval.
Proxy Voting Information: The Company has provided resources for shareholders to vote or inquire about their voting status, including a toll-free number and email for assistance, emphasizing the importance of participation in the upcoming adjourned meeting.
Forward-Looking Statements: The press release includes forward-looking statements regarding the sale and its conditions, cautioning that actual results may differ and urging shareholders to review relevant SEC filings for more information.
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Pixelworks Completes Sale of Shares in Pixelworks Semiconductor
- Completion of Share Sale: Pixelworks announced the successful completion of its share sale in Pixelworks Semiconductor, with specific transaction amounts undisclosed, aimed at optimizing asset allocation and enhancing financial flexibility.
- Strategic Restructuring: This share sale is part of Pixelworks' strategic restructuring, intended to concentrate resources on core operations, thereby improving overall operational efficiency and market competitiveness.
- Financial Impact: Through this transaction, Pixelworks expects to improve its balance sheet, although the specific financial implications remain unclear, it is anticipated to provide more funding support for future investments.
- Market Reaction: The market reacted positively to the share sale, with analysts believing it will help Pixelworks better address industry challenges and seize opportunities in emerging markets.

Pixelworks Closes Sale of Subsidiary for $51 Million
- Transaction Completion: Pixelworks successfully closed the sale of its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd., resulting in net cash proceeds of approximately RMB 357 million ($51 million), which will enhance the company's cash flow and support future investments.
- Tax Matters Handling: Approximately RMB 8.7 million ($1.2 million) from the transaction is being held in an escrow account to be released upon resolution of certain tax matters in China, reflecting the company's cautious approach to compliance.
- Shareholder Rights Release: With the completion of this transaction, all previous repurchase rights held by former shareholders of Pixelworks Shanghai were fully released, further simplifying the company's equity structure and aiding future strategic decisions.
- Market Positioning Strengthened: This transaction allows Pixelworks to focus more on its core business, enhancing its competitive position in the video and display processing solutions market, which is expected to yield higher growth potential for the company.






