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Pixelworks CEO Publishes Letter to Shareholders

On Oct. 15, 2025, Pixelworks published a letter from Todd DeBonis asking shareholders to approve the sale of Pixelworks Shanghai at a special meeting.
Amid escalating geopolitical tensions, Pixelworks reviewed strategic options for its Shanghai unit, saying monetizing Pixelworks Shanghai captures value and frees resources amid constrained China capital markets.
Pixelworks expects net cash proceeds of approximately USD 50 million to USD 60 million upon closing, based on an equity value of RMB 950 million , subject to customary closing conditions and approval by shareholders owning at least two-thirds.
The Board of Directors of Pixelworks, Inc. unanimously recommended a FOR vote on the sale and said proceeds will strengthen financial flexibility to support growth and licensing initiatives.
The company asks shareholders to review proxy materials and submit proxies or votes as soon as possible for the upcoming special meeting on the proposed sale.

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Montana Standard

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Pixelworks CEO Publishes Letter to Shareholders

2 days ago

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Benzinga

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Pixelworks CEO Publishes Letter to Shareholders - Pixelworks (NASDAQ:PXLW)

PORTLAND, Ore., Nov. 4, 2025 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ:PXLW), a leading provider of innovative video and display processing solutions, today published the following letter to shareholders from Todd DeBonis, President and CEO. Dear Fellow Shareholders, I am reaching out to you today about an important strategic transaction that you will be considering at our upcoming special meeting of shareholders. The Board of Directors of Pixelw…

2 days ago·New York, United States

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