Pixelworks Announces Details of Common Stock Offering

  Pixelworks Announces Details of Common Stock Offering

Business Wire

SAN JOSE, Calif. -- August 16, 2013

Pixelworks, Inc. (NASDAQ:PXLW), a pioneer in innovative video and display
processing technology, today announced details of its previously announced
public offering of common stock. Pixelworks has agreed to sell 2,630,000
shares of its common stock at a price of $3.50 per share, and has granted the
underwriter an option to purchase up to 394,500 additional shares of common
stock to cover over-allotments, if any. Subject to the satisfaction of
customary conditions, the offering is expected to close on or about August 21,

Roth Capital Partners will act as the sole manager of the offering.

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

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of, the common stock in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such

A copy of the prospectus supplement and prospectus relating to these
securities may be obtained, when available, by contacting Roth Capital
Partners, Attention: Equity Capital Markets, 888 San Clemente Drive, Newport
Beach, CA 92660, by telephone at (800)678-9147, or by accessing the SEC’s
website, www.sec.gov.

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 the Company's Web site at

Note: Pixelworks and the Pixelworks logo are registered trademarks of
Pixelworks, Inc. All other trademarks are the property of their respective

Some of the information in this press release may contain “forward-looking
statements” that are based on current expectations, estimates, beliefs,
assumptions and projections about Pixelworks’ business. Words such as
“expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates”
and variations of such words and similar expressions are intended to identify
such forward-looking statements. These statements are not guarantees of future
performance and involve certain risks and uncertainties that are difficult to
predict and which may cause actual outcomes and results to differ materially
from what is expressed or forecasted in such forward-looking statements. These
forward-looking statements speak only as of the date on which they are made,
and Pixelworks does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this press
release. If Pixelworks does update or correct one or more forward-looking
statements, you should not conclude that Pixelworks will make additional
updates or corrections with respect thereto or with respect to other
forward-looking statements. Except where the context otherwise requires, in
this press release, the “Company,” “Pixelworks,” “we,” “us” and “our” refer to
Pixelworks, Inc., an Oregon corporation, and its wholly-owned subsidiaries.


Pixelworks, Inc.
Steven Moore, 408-200-9221
Press spacebar to pause and continue. Press esc to stop.