When the Special Meeting was reconvened on December 19, 2025, approximately 98% of the proxies that have been received had been voted in favor of Proposal 1, but represented only approximately 61% of the shares of common stock outstanding on the record date for the Special Meeting. The Board of Directors continues to believe that the approval of Proposal 1 is in the best interests of the Company and its shareholders, and the Board of Directors and both leading independent proxy voting advisory groups, Insti ...

Core Points - Pixelworks, Inc. has adjourned its Special Meeting of Stockholders to December 8, 2025, due to insufficient votes for Proposal 1, which seeks to authorize the sale of its subsidiary, Pixelworks Semiconductor Technology (Shanghai) [1][2] - Approximately 98% of the votes cast were in favor of Proposal 1, but this only accounted for about 57% of the total outstanding shares required for approval [2] - The Board of Directors believes that the approval of Proposal 1 is in the best interests of the Company and its shareholders, with recommendations from leading independent proxy voting advisory groups to vote in favor [2] Voting Information - Shareholders who have not yet voted are encouraged to do so by December 7, 2025, at 11:59 p.m. Eastern time [4][6] - The adjourned Special Meeting will be held virtually, allowing shareholders to participate and vote by dialing a designated number [3] - Votes must be received by the specified deadline to be counted, and record holders can vote during the reconvened meeting [6] Company Background - Pixelworks, Inc. specializes in video and display processing solutions, providing technology that enhances viewing experiences across various screens [12]

Core Insights - Pixelworks Shanghai has received approximately $1.6 million in new subsidies, recognizing its contributions to technology innovation and advanced R&D capabilities [1][2] - The subsidies are linked to Pixelworks Shanghai's designation as a "Little Giant" enterprise by the China Ministry of Industry and Information Technology, highlighting its investments in semiconductor design and R&D [1][3] Group 1 - Pixelworks Shanghai is integral to the company's 25-year history of developing innovative image processing solutions that enhance visual quality and user experience [2] - Recent advancements include the integration of AI enhancements with distributed rendering architecture, significantly improving rendering performance for mobile devices and gaming [2] - The awarded subsidies aim to offset previous investments in intellectual property, EDA software, and initial chip production [2] Group 2 - The "Little Giant" designation was achieved after an extensive certification process, recognizing outstanding small and medium-sized enterprises based on strict criteria [3] - Certified enterprises benefit from increased visibility and can apply for local and national government subsidies, including grants and reimbursements for R&D investments [3] - Pixelworks has a 20-year history of delivering image processing innovations to various sectors, including consumer electronics and video streaming services [4]