Bookrunner Roth Capital Partners, co-manager Dougherty help with sale
By Devika Patel
Knoxville, Tenn., Aug. 7 – Pixelworks Inc. said it priced a $15.44 million public offering of stock with a $2.32 million greenshoe. The offering was announced Thursday.
The company will sell 3.25 million common shares at $4.75 per share. The price per share reflects a 13.79% discount to the Aug. 6 closing share price of $5.51.
Roth Capital Partners is the bookrunner.
Settlement is expected Aug. 12.
Proceeds will be used for general corporate purposes.
Based in Tualatin, Ore., Pixelworks provides video and pixel processing technology for manufacturers of digital projectors and flat-panel display products.
| Issuer: | Pixelworks Inc.
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| Issue: | Common stock
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| Amount: | $15,437,500
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| Greenshoe: | $2,315,625, or 487,500 shares
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| Shares: | 3.25 million
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| Price: | $4.75
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| Warrants: | No
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| Bookrunner: | Roth Capital Partners
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| Co-manager: | Dougherty & Co.
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| Announcement date: | Aug. 6
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| Pricing date: | Aug. 7
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| Settlement date: | Aug. 12
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| Stock symbol: | Nasdaq: PXLW
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| Stock price: | $5.51 at close Aug. 6
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| Market capitalization: | $113.28 million
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