Offering, with a $1.23 million greenshoe, finances corporate purposes
By Devika Patel
Knoxville, Tenn., May 6 - Pixelworks, Inc. priced an $8.18 million public sale of stock with a $1.23 million greenshoe.
The company will sell 3.65 million common shares at $2.24 apiece. The price per share is identical to the May 5 closing share price.
Roth Capital Partners, LLC is the underwriter.
Settlement is expected May 11.
Proceeds will be used for general corporate purposes.
Pixelworks provides video and pixel processing technology for manufacturers of digital projectors and flat-panel display products. The company is located in Tualatin, Ore.
Issuer: | Pixelworks, Inc.
|
Issue: | Common shares
|
Amount: | $8,176,000
|
Greenshoe: | $1,226,400
|
Shares: | 3.65 million
|
Price: | $2.24
|
Warrants: | No
|
Underwriter: | Roth Capital Partners, LLC
|
Pricing date: | May 6
|
Settlement date: | May 11
|
Stock symbol: | Nasdaq: PXLW
|
Stock price: | $2.24 at close May 5
|
Market capitalization: | $32.84 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.