{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T11:39:27.661895+00:00","company":{"ticker":"WOLF","cik":895419,"company_name":"WOLFSPEED, INC."},"pagination":{"limit":100,"returned":76,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"U.S. Bank Trust Company, National Association and Wolfspeed Texas LLC","detail":"notes_offering","count":4,"first_seen":"2026-03-26T23:59:59+00:00","last_seen":"2026-03-26T23:59:59+00:00","evidence_fact_ids":[27037,27038,27039,27040]},{"display_name":"U.S. Bank Trust Company, National Association","detail":"notes_offering","count":2,"first_seen":"2022-11-21T23:59:59+00:00","last_seen":"2023-06-26T23:59:59+00:00","evidence_fact_ids":[135624,195215]},{"display_name":"MACOM Technology Solutions Holdings, Inc.","detail":"asset_purchase","count":1,"first_seen":"2023-08-22T23:59:59+00:00","last_seen":"2023-08-22T23:59:59+00:00","evidence_fact_ids":[117639]},{"display_name":"Renesas Electronics America Inc.","detail":"credit_facility","count":1,"first_seen":"2023-07-05T23:59:59+00:00","last_seen":"2023-07-05T23:59:59+00:00","evidence_fact_ids":[133775]},{"display_name":"Wells Fargo Bank, National Association","detail":"credit_facility","count":1,"first_seen":"2023-06-26T23:59:59+00:00","last_seen":"2023-06-26T23:59:59+00:00","evidence_fact_ids":[135625]},{"display_name":"Wolfspeed Texas, LLC, as guarantor, and the investor parties thereto","detail":"notes_offering","count":1,"first_seen":"2026-03-19T23:59:59+00:00","last_seen":"2026-03-19T23:59:59+00:00","evidence_fact_ids":[28011]}],"lender":[{"display_name":"U.S. Bank Trust Company, National Association","detail":"convertible_notes","count":7,"first_seen":"2022-11-21T23:59:59+00:00","last_seen":"2026-03-26T23:59:59+00:00","evidence_fact_ids":[31199,44484,44485,44486,44488,135641,195219]},{"display_name":"Renesas","detail":"other","count":1,"first_seen":"2025-07-01T23:59:59+00:00","last_seen":"2025-07-01T23:59:59+00:00","evidence_fact_ids":[44487]},{"display_name":"Renesas Electronics America Inc.","detail":"other","count":1,"first_seen":"2024-03-04T23:59:59+00:00","last_seen":"2024-03-04T23:59:59+00:00","evidence_fact_ids":[70144]}]},"facts":[{"fact_type":"earnings_release","fact_key":"e46880f5b6172d3150f7cb0e37507d0e3c04f23c","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-05-05T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"GAAP net loss of $120 million","period_text":"third quarter of fiscal 2026","report_date":"2026-05-05","result_type":"reported_results","revenue_text":"approximately $150 million"},"claim":"WOLFSPEED, INC. reported third quarter of fiscal 2026 results: revenue approximately $150 million, net income GAAP net loss of $120 million.","evidence_excerpt":"potential of the site. • CFIUS clearance and equity issuance to Renesas completes Chapter 11 procedures. Quarterly Financial Highlights • Consolidated revenue of approximately $150 million, aligned with midpoint of guidance range. • GAAP gross margin of (27)% and Non-GAAP gross margin of (21)%. • GAAP net loss of $120 million and adjusted EBITDA of ($62) million. •","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-26-000024","anchor_url":"https://secwatch.observer/filing/0000895419-26-000024#claim-e46880f5b6172d3150f7cb0e37507d0e3c04f23c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541926000024/0000895419-26-000024-index.htm"},{"fact_type":"equity_issuance","fact_key":"a34e8d7c500f368b95194352801e324d7d8f977e","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-26T23:59:59+00:00","payload":{"action":"warrant_issuance","consideration_text":"$18.448 per Pre-Funded Warrant","effective_date":"2026-03-26","item_codes_triggered":["3.02"],"purchaser":"certain investors","security_type":"warrant","shares_text":"up to 2,000,000 shares of Common Stock"},"claim":"WOLFSPEED, INC. issued up to 2,000,000 shares of Common Stock of warrant to certain investors for $18.448 per Pre-Funded Warrant.","evidence_excerpt":"On March 26, 2026, pursuant to the terms of the Securities Purchase Agreement, the Company issued and sold an aggregate of 3,250,030 shares of Common Stock (the “Shares”) and pre-funded warrants (the “Pre-Funded Warrants” and, together with the Shares and the Notes, the “Securities”) to purchase up to 2,000,000 shares of Common Stock. The price per Share was $18.458, and the price per Pre-Funded Warrant was $18.448, for aggregate gross proceeds of approximately $96.9 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-126483","anchor_url":"https://secwatch.observer/filing/0001193125-26-126483#claim-a34e8d7c500f368b95194352801e324d7d8f977e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm"},{"fact_type":"equity_issuance","fact_key":"eb7081dacc430d122d06ce2cb1014ece5159d589","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-26T23:59:59+00:00","payload":{"action":"private_placement","consideration_text":"$18.458 per Share","effective_date":"2026-03-26","item_codes_triggered":["3.02"],"purchaser":"certain investors","security_type":"common_stock","shares_text":"3,250,030 shares of Common Stock"},"claim":"WOLFSPEED, INC. issued 3,250,030 shares of Common Stock of common stock to certain investors for $18.458 per Share.","evidence_excerpt":"On March 26, 2026, pursuant to the terms of the Securities Purchase Agreement, the Company issued and sold an aggregate of 3,250,030 shares of Common Stock (the “Shares”) and pre-funded warrants (the “Pre-Funded Warrants” and, together with the Shares and the Notes, the “Securities”) to purchase up to 2,000,000 shares of Common Stock. The price per Share was $18.458, and the price per Pre-Funded Warrant was $18.448, for aggregate gross proceeds of approximately $96.9 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-126483","anchor_url":"https://secwatch.observer/filing/0001193125-26-126483#claim-eb7081dacc430d122d06ce2cb1014ece5159d589","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm"},{"fact_type":"equity_issuance","fact_key":"97fe28029930d90b64a7ad150af3494fead28342","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-26T23:59:59+00:00","payload":{"action":"private_placement","consideration_text":"$379,000,000 aggregate principal amount","effective_date":"2026-03-26","item_codes_triggered":["3.02"],"purchaser":null,"security_type":"convertible_note","shares_text":null},"claim":"WOLFSPEED, INC. issued convertible note for $379,000,000 aggregate principal amount.","evidence_excerpt":"On March 26, 2026, Wolfspeed, Inc. (the “Company”) issued $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) in a private placement (the “Notes Placement”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-126483","anchor_url":"https://secwatch.observer/filing/0001193125-26-126483#claim-97fe28029930d90b64a7ad150af3494fead28342","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm"},{"fact_type":"debt_financing","fact_key":"f2b8199697eda3792c45c3e08ca13ada1273b7b6","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-26T23:59:59+00:00","payload":{"counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2026-03-26","event":"incurrence","instrument_type":"convertible_notes","interest_rate_text":"3.5% per year","item_codes_triggered":["2.03"],"maturity_text":"March 15, 2031","principal_text":"$379,000,000 aggregate principal amount"},"claim":"WOLFSPEED, INC. incurred convertible notes of $379,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 3.5% per year maturing March 15, 2031.","evidence_excerpt":"On March 26, 2026, Wolfspeed, Inc. (the “Company”) issued $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) in a private placement (the “Notes Placement”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-126483","anchor_url":"https://secwatch.observer/filing/0001193125-26-126483#claim-f2b8199697eda3792c45c3e08ca13ada1273b7b6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm"},{"fact_type":"material_agreement","fact_key":"875918770a25f95157743ca183e167b5a90230e9","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-26T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"2L Renesas Supplemental Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association and Wolfspeed Texas 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Company entered into that certain First Supplemental Indenture (the “2L Non-Renesas Supplemental Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas, as subsidiary guarantor (in such capacity, the “2L Non-Renesas Guarantor”), and U.S. Bank Trust Company, National Association, as trustee and collateral agent (in such capacities, the “2L Non-Renesas Agent”) to supplement and amend certain covenants of the Company under that certain Indenture, dated as of September 29, 2025, by and among the Company, the 2L Non-Renesas Guarantor and the 2L Non-Renesas Agent governing the Company’s outstanding 2.5% Convertible Second-Lien Senior Secured Notes due 2031 (the “2L Non-Renesas 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into that certain First Supplemental Indenture (the “1L Supplemental Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas, as subsidiary guarantor (in such capacity, the “1L Guarantor”), and U.S. Bank Trust Company, National Association, as trustee and collateral agent (in such capacities, the “1L Indenture Agent”) to amend and waive certain provisions of that certain Indenture, dated as of September 29, 2025, by and among the Company, the 1L Guarantor and the 1L Indenture Agent governing the Senior Notes (the “1L Indenture”) and to permit the Company and the 1L Guarantor to enter into the Indenture and the Company to issue the 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Wolfspeed, Inc. (the “Company”) issued $379,000,000 aggregate principal amount of its 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes”) in a private placement (the “Notes Placement”). The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of March 26, 2026, among the Company, Wolfspeed Texas LLC (“Wolfspeed Texas”), as subsidiary guarantor (in such capacity, the “Guarantor”), and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Collateral Agent”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-126483","anchor_url":"https://secwatch.observer/filing/0001193125-26-126483#claim-1b752a8a7caadc3f8d0b823b826c2d9374a001c4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526126483/0001193125-26-126483-index.htm"},{"fact_type":"equity_issuance","fact_key":"fe509fcbdd0e44f8e0b0437b699e6d56c92d9f30","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-19T23:59:59+00:00","payload":{"action":"private_placement","consideration_text":null,"effective_date":null,"item_codes_triggered":["3.02"],"purchaser":"the investor parties thereto","security_type":"convertible_note","shares_text":"$379,000,000 aggregate principal amount"},"claim":"WOLFSPEED, INC. issued $379,000,000 aggregate principal amount of convertible note to the investor parties thereto.","evidence_excerpt":"The Notes Subscription Agreements provide for the sale and issuance by the Company of $379,000,000 aggregate principal amount of the Company’s 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes” and, together with the Equity Securities, the “Securities”) in a private placement (the “Notes Placement” and, together with the Equity Securities Placement, the “Private Placements”) to such investors.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-116036","anchor_url":"https://secwatch.observer/filing/0001193125-26-116036#claim-fe509fcbdd0e44f8e0b0437b699e6d56c92d9f30","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm"},{"fact_type":"equity_issuance","fact_key":"9f3367ef96f4fc421285267893a9a06c283460b7","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-19T23:59:59+00:00","payload":{"action":"warrant_issuance","consideration_text":"$18.448 per Pre-Funded Warrant","effective_date":null,"item_codes_triggered":["3.02"],"purchaser":"certain investors (the \"Equity Securities Investors\")","security_type":"warrant","shares_text":"up to an aggregate of 2,000,000 shares of Common Stock"},"claim":"WOLFSPEED, INC. issued up to an aggregate of 2,000,000 shares of Common Stock of warrant to certain investors (the \"Equity Securities Investors\") for $18.448 per Pre-Funded Warrant.","evidence_excerpt":"The Purchase Agreement provides for the sale and issuance by the Company of an aggregate of: (i) 3,250,030 shares (the “Shares”) of the Company’s common stock, par value $0.00125 per share (the “Common Stock”) and (ii) pre-funded warrants (the “Pre-Funded Warrants,” and, together with the Shares, the “Equity Securities”) to purchase up to an aggregate of 2,000,000 shares of Common Stock in a private placement (the “Equity Securities Placement”). The price per Share is $18.458, and the price per Pre-Funded Warrant is $18.448.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-116036","anchor_url":"https://secwatch.observer/filing/0001193125-26-116036#claim-9f3367ef96f4fc421285267893a9a06c283460b7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm"},{"fact_type":"equity_issuance","fact_key":"95fe72a6ca749c9a764d8baa3ddfde20310fc43c","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-19T23:59:59+00:00","payload":{"action":"pipe","consideration_text":"$18.458 per share","effective_date":null,"item_codes_triggered":["3.02"],"purchaser":"certain investors (the \"Equity Securities Investors\")","security_type":"common_stock","shares_text":"3,250,030 shares"},"claim":"WOLFSPEED, INC. issued 3,250,030 shares of common stock to certain investors (the \"Equity Securities Investors\") for $18.458 per share.","evidence_excerpt":"The Purchase Agreement provides for the sale and issuance by the Company of an aggregate of: (i) 3,250,030 shares (the “Shares”) of the Company’s common stock, par value $0.00125 per share (the “Common Stock”) and (ii) pre-funded warrants (the “Pre-Funded Warrants,” and, together with the Shares, the “Equity Securities”) to purchase up to an aggregate of 2,000,000 shares of Common Stock in a private placement (the “Equity Securities Placement”). The price per Share is $18.458, and the price per Pre-Funded Warrant is $18.448.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-116036","anchor_url":"https://secwatch.observer/filing/0001193125-26-116036#claim-95fe72a6ca749c9a764d8baa3ddfde20310fc43c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm"},{"fact_type":"material_agreement","fact_key":"1a25044731653aa30c8eeaa0d025f75ea38d7865","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-19T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Notes Subscription Agreements","agreement_type":"notes_offering","counterparty":"Wolfspeed Texas, LLC, as guarantor (the \"Guarantor\"), and the investor parties thereto","effective_date":"2026-03-19","item_codes_triggered":["1.01"],"value_text":"$379,000,000 aggregate principal amount"},"claim":"WOLFSPEED, INC. entered into Notes Subscription Agreements with Wolfspeed Texas, LLC, as guarantor (the \"Guarantor\"), and the investor parties thereto valued at $379,000,000 aggregate principal amount (effective 2026-03-19).","evidence_excerpt":"On March 19, 2026, the Company also entered into separate, privately negotiated subscription agreements (collectively, the “Notes Subscription Agreements”) with Wolfspeed Texas, LLC, as guarantor (the “Guarantor”), and the investor parties thereto.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-116036","anchor_url":"https://secwatch.observer/filing/0001193125-26-116036#claim-1a25044731653aa30c8eeaa0d025f75ea38d7865","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm"},{"fact_type":"material_agreement","fact_key":"9a105eb7c559555c6bcde87e40d6986665e43100","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2026-03-19T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Equity Purchase Agreement","agreement_type":"equity_purchase","counterparty":"certain investors (the \"Equity Securities Investors\")","effective_date":"2026-03-19","item_codes_triggered":["1.01"],"value_text":"approximately $96.9 million"},"claim":"WOLFSPEED, INC. entered into Equity Purchase Agreement with certain investors (the \"Equity Securities Investors\") valued at approximately $96.9 million (effective 2026-03-19).","evidence_excerpt":"On March 19, 2026, Wolfspeed, Inc. 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(“Wolfspeed”) and its wholly owned subsidiary, Wolfspeed Texas LLC (together with Wolfspeed, the “Company”), filed voluntary petitions commencing cases (the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”) to implement a prepackaged chapter 11 plan of reorganization (the “Plan”).","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001193125-25-199310","anchor_url":"https://secwatch.observer/filing/0001193125-25-199310#claim-2c511751d75b98ed28e93b63bdefdeac3886a24c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312525199310/0001193125-25-199310-index.htm"},{"fact_type":"debt_financing","fact_key":"d1bf1faebdae9d46e00a8f2c3cd9c7ce37046a7e","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2025-07-01T23:59:59+00:00","payload":{"counterparty":"U.S. Bank Trust 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The costs incurred as a result of this restructuring plan include severance and employee benefit costs, voluntary termination benefits and other facility closure-related costs.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000895419-24-000087","anchor_url":"https://secwatch.observer/filing/0000895419-24-000087#claim-b7e85774d3b33827b4ce66460859ab836d23e8ec","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000087/0000895419-24-000087-index.htm"},{"fact_type":"restructuring_charge","fact_key":"6fbd652b737a8ef52e37c37371ef62193dfd1c54","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2024-11-06T23:59:59+00:00","payload":{"affected_area":"closure of the Company's 150mm device fabrication facility in Durham, North Carolina","charge_text":"asset-related charges and fixed manufacturing costs that will be eliminated as a result of this plan and other incremental costs to exit facilities","effective_date":"2024-11-06","event_type":"restructuring","headcount_text":null,"item_codes_triggered":["2.05"]},"claim":"WOLFSPEED, INC. announced a restructuring with charges of asset-related charges and fixed manufacturing costs that will be eliminated as a result of this plan and other incremental costs to exit facilities affecting closure of the Company's 150mm device fabrication facility in Durham, North Carolina.","evidence_excerpt":"Additionally, the Company has incurred, and over the next 12 months will continue to incur, additional facility closure-related costs related to these activities, including asset-related charges and fixed manufacturing costs that will be eliminated as a result of this plan and other incremental costs to exit facilities.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-24-000087","anchor_url":"https://secwatch.observer/filing/0000895419-24-000087#claim-6fbd652b737a8ef52e37c37371ef62193dfd1c54","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000087/0000895419-24-000087-index.htm"},{"fact_type":"restructuring_charge","fact_key":"837884f732b0c3ffeacdcb0a1962d6b1a7fe983f","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2024-11-06T23:59:59+00:00","payload":{"affected_area":"closure of the Company's 150mm device fabrication facility in Durham, North Carolina; realignment of related activities across geographic regions; optimization of resources across various functional g","charge_text":"severance and employee benefit costs, voluntary termination benefits, and other exit costs","effective_date":"2024-11-06","event_type":"restructuring","headcount_text":"total headcount reduction of approximately 20% over the next six months to one year","item_codes_triggered":["2.05"]},"claim":"WOLFSPEED, INC. announced a restructuring with charges of severance and employee benefit costs, voluntary termination benefits, and other exit costs affecting closure of the Company's 150mm device fabrication facility in Durham, North Carolina; realignment of related activities across geographic regions; optimization of resources across various functional g (total headcount reduction of approximately 20% over the next six months to one year).","evidence_excerpt":"During the first quarter of fiscal 2025, the Company initiated a headcount reduction and facility closure and consolidation plan intended to optimize its cost structure as the Company accelerates its transition from 150mm to 200mm silicon carbide devices (the 2025 Restructuring Plan). The actions taken under the 2025 Restructuring Plan will ultimately result in the closure of the Company's 150mm device fabrication facility in Durham, North Carolina as well as a realignment of related activities across the geographic regions in which the Company operates. The Company is also taking steps to optimize the allocation of resources across various functional groups. The Company expects these actions will result in a total headcount reduction of approximately 20% over the next six months to one year. The Company began to notify affected employees on November 6, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000895419-24-000087","anchor_url":"https://secwatch.observer/filing/0000895419-24-000087#claim-837884f732b0c3ffeacdcb0a1962d6b1a7fe983f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000087/0000895419-24-000087-index.htm"},{"fact_type":"earnings_release","fact_key":"288f484ce1ea5c599083f47b3250d688b6632bdd","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2024-05-01T23:59:59+00:00","payload":{"eps_text":"$1.32 to $1.50 per diluted share","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$166 million to $189 million","period_text":"its fourth quarter of fiscal 2024","report_date":"2024-05-01","result_type":"guidance_update","revenue_text":"$185 million to $215 million"},"claim":"WOLFSPEED, INC. reported its fourth quarter of fiscal 2024 results: revenue $185 million to $215 million, net income $166 million to $189 million, EPS $1.32 to $1.50 per diluted share. Guidance initiated.","evidence_excerpt":"For its fourth quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million. GAAP net loss from continuing operations is targeted at $166 million to $189 million, or $1.32 to $1.50 per diluted share.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000895419-24-000034","anchor_url":"https://secwatch.observer/filing/0000895419-24-000034#claim-288f484ce1ea5c599083f47b3250d688b6632bdd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000034/0000895419-24-000034-index.htm"},{"fact_type":"earnings_release","fact_key":"2f8c4b4f5f8913132ff1eb8d3ee5eb8dd15eff8c","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2024-05-01T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fiscal third quarter ended March 31, 2024","report_date":"2024-05-01","result_type":"reported_results","revenue_text":null},"claim":"WOLFSPEED, INC. reported financial results for the fiscal third quarter ended March 31, 2024.","evidence_excerpt":"On May 1, 2024 , Wolfspeed, Inc. (the \"Company\") issued a press release announcing results for the fiscal third quarter ended March 31, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000895419-24-000034","anchor_url":"https://secwatch.observer/filing/0000895419-24-000034#claim-2f8c4b4f5f8913132ff1eb8d3ee5eb8dd15eff8c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000034/0000895419-24-000034-index.htm"},{"fact_type":"debt_financing","fact_key":"eb50a4d744679128a330457979768e344cf0ad1c","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2024-03-04T23:59:59+00:00","payload":{"counterparty":"Renesas Electronics America Inc.","effective_date":"2024-02-27","event":"incurrence","instrument_type":"other","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":null,"principal_text":"$500 million"},"claim":"WOLFSPEED, INC. incurred debt of $500 million with Renesas Electronics America Inc..","evidence_excerpt":"On February 27, 2024, Renesas America completed an Additional Funding in an aggregate principal amount of $500 million based on a request delivered by the Company.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-24-000030","anchor_url":"https://secwatch.observer/filing/0000895419-24-000030#claim-eb50a4d744679128a330457979768e344cf0ad1c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000030/0000895419-24-000030-index.htm"},{"fact_type":"earnings_release","fact_key":"ce82bf5f93462fa8f43bd733c10b388ec195d51a","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2024-01-31T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"second quarter of fiscal 2024","report_date":"2024-01-31","result_type":"reported_results","revenue_text":null},"claim":"WOLFSPEED, INC. reported financial results for second quarter of fiscal 2024.","evidence_excerpt":"On January 31, 2024, Wolfspeed, Inc. (the \"Company\") issued a press release announcing results for the fiscal second quarter ended December 31, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-24-000006","anchor_url":"https://secwatch.observer/filing/0000895419-24-000006#claim-ce82bf5f93462fa8f43bd733c10b388ec195d51a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000006/0000895419-24-000006-index.htm"},{"fact_type":"earnings_release","fact_key":"504567cd9b075eb27178fc3f53f76242eca132cc","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-30T23:59:59+00:00","payload":{"eps_text":"$1.04 to $1.22 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$131 million to $153 million","period_text":"second quarter of fiscal 2024","report_date":"2023-10-30","result_type":"guidance_update","revenue_text":"$192 million to $222 million"},"claim":"WOLFSPEED, INC. reported second quarter of fiscal 2024 results: revenue $192 million to $222 million, net income $131 million to $153 million, EPS $1.04 to $1.22 per diluted share.","evidence_excerpt":"For its second quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $192 million to $222 million. GAAP net loss from continuing operations is targeted at $131 million to $153 million, or $1.04 to $1.22 per diluted share.","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000895419-23-000121","anchor_url":"https://secwatch.observer/filing/0000895419-23-000121#claim-504567cd9b075eb27178fc3f53f76242eca132cc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000121/0000895419-23-000121-index.htm"},{"fact_type":"earnings_release","fact_key":"50314dd955b90cffbe336deadf5e71fcb511898a","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-30T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter of fiscal 2024","report_date":"2023-10-30","result_type":"reported_results","revenue_text":"$197.4 million"},"claim":"WOLFSPEED, INC. reported first quarter of fiscal 2024 results: revenue $197.4 million.","evidence_excerpt":"Consolidated revenue of $197.4 million, compared to $189.4 million","confidence":0.96,"filing_url":"https://secwatch.observer/filing/0000895419-23-000121","anchor_url":"https://secwatch.observer/filing/0000895419-23-000121#claim-50314dd955b90cffbe336deadf5e71fcb511898a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000121/0000895419-23-000121-index.htm"},{"fact_type":"governance_change","fact_key":"1b4ffacce0cbe58facddc8cd3ea01e6594d660e6","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2023-10-23","item_codes_triggered":["5.03"],"summary_text":"Approved amendment to Restated Articles to increase authorized shares of common stock from 200,000,000 to 400,000,000, consolidated into Amended and Restated Articles of Incorporation."},"claim":"WOLFSPEED, INC.: Approved amendment to Restated Articles to increase authorized shares of common stock from 200,000,000 to 400,000,000, consolidated into Amended and Restated Articles of Incorporation (effective 2023-10-23).","evidence_excerpt":"On October 23, 2023, the shareholders of the Company approved an amendment to the Company’s Restated Articles of Incorporation, as amended (the “Restated Articles”), to increase the number of authorized shares of common stock from 200,000,000 to 400,000,000. The amendment was combined with prior amendments to the Restated Articles into one consolidated Amended and Restated Articles of Incorporation (the “Amended and Restated Articles”) and filed with the Secretary of State of the State of North Carolina on October 23, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-1b4ffacce0cbe58facddc8cd3ea01e6594d660e6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"shareholder_vote","fact_key":"53d8b5780fbee7d8e3bb8d5d0261f95b0755939e","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-23","outcome":"passed","proposal_text":"Advisory (nonbinding) vote on the frequency of future shareholder advisory votes on executive compensation","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"93,338","votes_against":null,"votes_for":"98,901,730","votes_withheld":null}]},"claim":"WOLFSPEED, INC. shareholders approved Advisory (nonbinding) vote on the frequency of future shareholder advisory votes on executive compensation at the 2023-10-23 meeting.","evidence_excerpt":"Proposal No. 6 : Advisory (nonbinding) vote on the frequency of future shareholder advisory votes on executive compensation. The votes were cast as follows: Votes For 1 Year Votes For 2 Years Votes For 3 Years Abstained Advisory (nonbinding) vote on the frequency of future shareholder advisory votes on executive compensation 98,901,730 61,414 1,080,879 93,338 Proposal No. 6 was approved for \"1 Year\".","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-53d8b5780fbee7d8e3bb8d5d0261f95b0755939e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4588c9507a1fb107485d25d5655cc4ddb8be2c27","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-23","outcome":"passed","proposal_text":"Advisory (nonbinding) vote to approve executive compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"10,359,206","subject":null,"votes_abstain":"498,618","votes_against":"22,526,657","votes_for":"77,112,086","votes_withheld":null}]},"claim":"WOLFSPEED, INC. shareholders approved Advisory (nonbinding) vote to approve executive compensation at the 2023-10-23 meeting.","evidence_excerpt":"Proposal No. 5 : Advisory (nonbinding) vote to approve executive compensation. The votes were cast as follows: Votes For Votes Against Abstained Advisory (nonbinding) vote to approve executive compensation 77,112,086 22,526,657 498,618 Broker Non-Votes: 10,359,206 Proposal No. 5 was approved.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-4588c9507a1fb107485d25d5655cc4ddb8be2c27","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"shareholder_vote","fact_key":"dfafc8bc724c5cb29b45dcf519c5a9f41a3cd4b3","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-23","outcome":"passed","proposal_text":"Ratification of the appointment of PricewaterhouseCoopers LLP as independent auditors for the fiscal year ending June 30, 2024","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"85,716","votes_against":"168,999","votes_for":"110,241,852","votes_withheld":null}]},"claim":"WOLFSPEED, INC. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as independent auditors for the fiscal year ending June 30, 2024 at the 2023-10-23 meeting.","evidence_excerpt":"Proposal No. 4 : Ratification of the appointment of PricewaterhouseCoopers LLP as independent auditors for the fiscal year ending June 30, 2024. The votes were cast as follows: Votes For Votes Against Abstained Ratification of PricewaterhouseCoopers LLP appointment 110,241,852 168,999 85,716 Proposal No. 4 was approved.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-dfafc8bc724c5cb29b45dcf519c5a9f41a3cd4b3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"shareholder_vote","fact_key":"6801c66a6efa0ddc33cff4cf3fe22dd92d2fb757","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-23","outcome":"passed","proposal_text":"Approval of the Wolfspeed, Inc. 2023 Long-Term Incentive Compensation Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"10,359,206","subject":null,"votes_abstain":"100,723","votes_against":"37,001,159","votes_for":"63,035,479","votes_withheld":null}]},"claim":"WOLFSPEED, INC. shareholders approved Approval of the Wolfspeed, Inc. 2023 Long-Term Incentive Compensation Plan at the 2023-10-23 meeting.","evidence_excerpt":"Proposal No. 3 : Approval of the Wolfspeed, Inc. 2023 Long-Term Incentive Compensation Plan. The votes were cast as follows: Votes For Votes Against Abstained Approval of the Wolfspeed, Inc. 2023 Long-Term Incentive Compensation Plan 63,035,479 37,001,159 100,723 Broker Non-Votes: 10,359,206 Proposal No. 3 was approved.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-6801c66a6efa0ddc33cff4cf3fe22dd92d2fb757","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"shareholder_vote","fact_key":"fffe5e32eaeabc0621e000ec4cdc3ed40a67a7c4","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-23","outcome":"passed","proposal_text":"Approval of an amendment to the Restated Articles to increase the number of authorized shares of common stock from 200,000,000 to 400,000,000","proposal_type":"charter_amendment","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"454,580","votes_against":"14,596,622","votes_for":"95,445,365","votes_withheld":null}]},"claim":"WOLFSPEED, INC. shareholders approved Approval of an amendment to the Restated Articles to increase the number of authorized shares of common stock from 200,000,000 to 400,000,000 at the 2023-10-23 meeting.","evidence_excerpt":"Proposal No. 2 : Approval of an amendment to the Restated Articles to increase the number of authorized shares of common stock from 200,000,000 to 400,000,000. The votes were cast as follows: Votes For Votes Against Abstained Approval of an amendment to the Restated Articles 95,445,365 14,596,622 454,580 Proposal No. 2 was approved.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-fffe5e32eaeabc0621e000ec4cdc3ed40a67a7c4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"shareholder_vote","fact_key":"e2e662099f10819b47be6db21573708a3fcf4f16","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-23","outcome":"passed","proposal_text":"Election of ten nominees to serve as directors","proposal_type":"director_election","results":[{"broker_non_votes":"10,359,206","subject":"Glenda M. Dorchak","votes_abstain":null,"votes_against":null,"votes_for":"97,941,953","votes_withheld":"2,195,408"},{"broker_non_votes":"10,359,206","subject":"John C. Hodge","votes_abstain":null,"votes_against":null,"votes_for":"98,393,633","votes_withheld":"1,743,728"},{"broker_non_votes":"10,359,206","subject":"Clyde R. Hosein","votes_abstain":null,"votes_against":null,"votes_for":"96,264,425","votes_withheld":"3,872,936"},{"broker_non_votes":"10,359,206","subject":"Darren R. Jackson","votes_abstain":null,"votes_against":null,"votes_for":"98,379,196","votes_withheld":"1,758,165"},{"broker_non_votes":"10,359,206","subject":"Duy-Loan T. Le","votes_abstain":null,"votes_against":null,"votes_for":"96,232,871","votes_withheld":"3,904,490"},{"broker_non_votes":"10,359,206","subject":"Gregg A. Lowe","votes_abstain":null,"votes_against":null,"votes_for":"99,508,258","votes_withheld":"629,103"},{"broker_non_votes":"10,359,206","subject":"John B. Replogle","votes_abstain":null,"votes_against":null,"votes_for":"91,074,818","votes_withheld":"9,062,543"},{"broker_non_votes":"10,359,206","subject":"Marvin A. Riley","votes_abstain":null,"votes_against":null,"votes_for":"98,419,603","votes_withheld":"1,717,758"},{"broker_non_votes":"10,359,206","subject":"Stacy J. Smith","votes_abstain":null,"votes_against":null,"votes_for":"98,959,581","votes_withheld":"1,177,780"},{"broker_non_votes":"10,359,206","subject":"Thomas H. Werner","votes_abstain":null,"votes_against":null,"votes_for":"98,032,996","votes_withheld":"2,104,365"}]},"claim":"WOLFSPEED, INC. shareholders approved Election of ten nominees to serve as directors at the 2023-10-23 meeting.","evidence_excerpt":"Proposal No. 1 : Election of ten nominees to serve as directors. The votes were cast as follows: Name Votes For Votes Withheld Glenda M. Dorchak 97,941,953 2,195,408 John C. Hodge 98,393,633 1,743,728 Clyde R. Hosein 96,264,425 3,872,936 Darren R. Jackson 98,379,196 1,758,165 Duy-Loan T. Le 96,232,871 3,904,490 Gregg A. Lowe 99,508,258 629,103 John B. Replogle 91,074,818 9,062,543 Marvin A. Riley 98,419,603 1,717,758 Stacy J. Smith 98,959,581 1,177,780 Thomas H. Werner 98,032,996 2,104,365 Broker Non-Votes: 10,359,206 All nominees were elected.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000087","anchor_url":"https://secwatch.observer/filing/0000895419-23-000087#claim-e2e662099f10819b47be6db21573708a3fcf4f16","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000087/0000895419-23-000087-index.htm"},{"fact_type":"material_agreement","fact_key":"4d32ee68a5e9ae521384093b80c15e92b876159c","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-08-22T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Asset Purchase Agreement","agreement_type":"asset_purchase","counterparty":"MACOM Technology Solutions Holdings, Inc.","effective_date":"2023-08-22","item_codes_triggered":["1.01"],"value_text":"a payment of $75 million in cash, together with 711,528 shares of MACOM common stock"},"claim":"WOLFSPEED, INC. entered into Asset Purchase Agreement with MACOM Technology Solutions Holdings, Inc. valued at a payment of $75 million in cash, together with 711,528 shares of MACOM common stock (effective 2023-08-22).","evidence_excerpt":"On August 22, 2023, Wolfspeed, Inc. (“Wolfspeed” or the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with MACOM Technology Solutions Holdings, Inc., a Delaware corporation (“MACOM”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000057","anchor_url":"https://secwatch.observer/filing/0000895419-23-000057#claim-4d32ee68a5e9ae521384093b80c15e92b876159c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000057/0000895419-23-000057-index.htm"},{"fact_type":"earnings_release","fact_key":"a32f6325afb9274cfcb6a0544219336b8a11ace5","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-08-16T23:59:59+00:00","payload":{"eps_text":"$2.65 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"GAAP net loss from continuing operations of $329.9 million, or $2.65 per diluted share","period_text":"the full 2023 fiscal year","report_date":"2023-08-16","result_type":"reported_results","revenue_text":"$921.9 million"},"claim":"WOLFSPEED, INC. reported the full 2023 fiscal year results: revenue $921.9 million, net income GAAP net loss from continuing operations of $329.9 million, or $2.65 per diluted share, EPS $2.65 per diluted share.","evidence_excerpt":"Revenue of $921.9 million, compared to $746.2 million • GAAP gross margin of 30.3%, compared to 33.4% • Non-GAAP gross margin of 32.6%, compared to 35.6% • GAAP net loss from continuing operations of $329.9 million, or $2.65 per diluted share, compared to $295.1 million, or $2.46 per diluted share • Non-GAAP net loss from continuing operations of $180.7 million, or $1.45 per diluted share, compared to $115.4 million*, or $0.96* per diluted share","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000895419-23-000053","anchor_url":"https://secwatch.observer/filing/0000895419-23-000053#claim-a32f6325afb9274cfcb6a0544219336b8a11ace5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000053/0000895419-23-000053-index.htm"},{"fact_type":"earnings_release","fact_key":"c805fab83c444900c616da822507f28848430073","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-08-16T23:59:59+00:00","payload":{"eps_text":"$0.91 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share","period_text":"the fiscal fourth quarter ended June 25, 2023","report_date":"2023-08-16","result_type":"reported_results","revenue_text":"$235.8 million"},"claim":"WOLFSPEED, INC. reported the fiscal fourth quarter ended June 25, 2023 results: revenue $235.8 million, net income GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, EPS $0.91 per diluted share.","evidence_excerpt":"Revenue of $235.8 million, compared to $228.5 million • GAAP gross margin of 27.4%, compared to 34.5% • Non-GAAP gross margin of 29.0%, compared to 36.5% • GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, compared to $61.8 million, or $0.50 per diluted share • Non-GAAP net loss from continuing operations of $52.8 million, or $0.42 per diluted share, compared to $26.0 million*, or $0.21* per diluted share","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0000895419-23-000053","anchor_url":"https://secwatch.observer/filing/0000895419-23-000053#claim-c805fab83c444900c616da822507f28848430073","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000053/0000895419-23-000053-index.htm"},{"fact_type":"material_agreement","fact_key":"233a11c424cbfa0d460e07b39f1897d936d2ec0e","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-07-05T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Unsecured Customer Refundable Deposit Agreement","agreement_type":"credit_facility","counterparty":"Renesas Electronics America Inc.","effective_date":"2023-07-05","item_codes_triggered":["1.01"],"value_text":"up to $2 billion"},"claim":"WOLFSPEED, INC. entered into Unsecured Customer Refundable Deposit Agreement with Renesas Electronics America Inc. valued at up to $2 billion (effective 2023-07-05).","evidence_excerpt":"On July 5, 2023 (the “ Effective Date ”), Wolfspeed, Inc. (the “ Company ”) and Renesas Electronics America Inc., a California corporation (“ Renesas America ”) entered into an Unsecured Customer Refundable Deposit Agreement (the “ CRD Agreement ”), pursuant to which Renesas America will provide to the Company up to $2 billion in unsecured deposits.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-23-181581","anchor_url":"https://secwatch.observer/filing/0001193125-23-181581#claim-233a11c424cbfa0d460e07b39f1897d936d2ec0e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523181581/0001193125-23-181581-index.htm"},{"fact_type":"debt_financing","fact_key":"2afb05f9e49560ef536076cd64f5a6ce382b8f49","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-06-26T23:59:59+00:00","payload":{"counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2023-06-23","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"(i) during the first three years after the Issue Date, at a rate of 9.875% per a","item_codes_triggered":["2.03"],"maturity_text":"June 23, 2030","principal_text":"$1,250,000,000 aggregate principal amount"},"claim":"WOLFSPEED, INC. incurred senior notes of $1,250,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at (i) during the first three years after the Issue Date, at a rate of 9.875% per a maturing June 23, 2030.","evidence_excerpt":"On June 23, 2023 (the \" Issue Date \"), in connection with a private placement and sale of $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (the \" Senior Notes \") of Wolfspeed, Inc. (the \" Company \"), the Company and U.S. Bank Trust Company, National Association, as the trustee and collateral agent (the \" Agent \"), executed an indenture (the \" Indenture \") relating to the Senior Notes.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001193125-23-174504","anchor_url":"https://secwatch.observer/filing/0001193125-23-174504#claim-2afb05f9e49560ef536076cd64f5a6ce382b8f49","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm"},{"fact_type":"material_agreement","fact_key":"71eeb3612bf065d16a697f9c349f97380c3fddf3","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-06-26T23:59:59+00:00","payload":{"action":"termination","agreement_name":"Credit Agreement","agreement_type":"credit_facility","counterparty":"Wells Fargo Bank, National Association","effective_date":"2023-06-23","item_codes_triggered":["1.02"],"value_text":"Revolving line of credit terminated and all outstanding obligations paid off"},"claim":"WOLFSPEED, INC. terminated Credit Agreement with Wells Fargo Bank, National Association valued at Revolving line of credit terminated and all outstanding obligations paid off (effective 2023-06-23).","evidence_excerpt":"In connection with the Company’s entry with the Indenture and issuance of the Senior Notes, the Company terminated the Credit Agreement, and paid off all outstanding obligations thereunder.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-23-174504","anchor_url":"https://secwatch.observer/filing/0001193125-23-174504#claim-71eeb3612bf065d16a697f9c349f97380c3fddf3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm"},{"fact_type":"material_agreement","fact_key":"e5705bc68d908d8ac9b088ae324b259da6ec86f4","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-06-26T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2023-06-23","item_codes_triggered":["1.01"],"value_text":"$1,250,000,000 aggregate principal amount of senior secured notes due 2030"},"claim":"WOLFSPEED, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (effective 2023-06-23).","evidence_excerpt":"On June 23, 2023 (the “ Issue Date ”), in connection with a private placement and sale of $1,250,000,000 aggregate principal amount of senior secured notes due 2030 (the “ Senior Notes ”) of Wolfspeed, Inc. (the “ Company ”), the Company and U.S. Bank Trust Company, National Association, as the trustee and collateral agent (the “ Agent ”), executed an indenture (the “ Indenture ”) relating to the Senior Notes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-23-174504","anchor_url":"https://secwatch.observer/filing/0001193125-23-174504#claim-e5705bc68d908d8ac9b088ae324b259da6ec86f4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/0001193125-23-174504-index.htm"},{"fact_type":"earnings_release","fact_key":"930895e138ec74efffe7acf9130c031d76ced9f9","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-04-26T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"unknown","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fiscal 2024","report_date":"2023-04-26","result_type":"guidance_update","revenue_text":"in a range of $1 billion to $1.1 billion"},"claim":"WOLFSPEED, INC. reported fiscal 2024 results: revenue in a range of $1 billion to $1.1 billion.","evidence_excerpt":"For fiscal 2024, Wolfspeed now targets revenue in a range of $1 billion to $1.1 billion, based on the current ramp plan for 200mm silicon carbide substrate capacity.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000023","anchor_url":"https://secwatch.observer/filing/0000895419-23-000023#claim-930895e138ec74efffe7acf9130c031d76ced9f9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm"},{"fact_type":"earnings_release","fact_key":"41140ddd2b068d27b90412679df02d570231185c","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-04-26T23:59:59+00:00","payload":{"eps_text":"$0.79 to $0.87 per diluted share","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"at $98 million to $108 million","period_text":"the fourth quarter of fiscal 2023","report_date":"2023-04-26","result_type":"guidance_update","revenue_text":"in a range of $212 million to $232 million"},"claim":"WOLFSPEED, INC. reported the fourth quarter of fiscal 2023 results: revenue in a range of $212 million to $232 million, net income at $98 million to $108 million, EPS $0.79 to $0.87 per diluted share. Guidance initiated.","evidence_excerpt":"For its fourth quarter of fiscal 2023, Wolfspeed targets revenue in a range of $212 million to $232 million. GAAP net loss is targeted at $98 million to $108 million, or $0.79 to $0.87 per diluted share.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000023","anchor_url":"https://secwatch.observer/filing/0000895419-23-000023#claim-41140ddd2b068d27b90412679df02d570231185c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm"},{"fact_type":"earnings_release","fact_key":"d7362bbf7d241bdfee159be299ba6f84d18111aa","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-04-26T23:59:59+00:00","payload":{"eps_text":"$0.80 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$99.5 million","period_text":"the fiscal third quarter ended March 26, 2023","report_date":"2023-04-26","result_type":"reported_results","revenue_text":"$228.7 million"},"claim":"WOLFSPEED, INC. reported the fiscal third quarter ended March 26, 2023 results: revenue $228.7 million, net income $99.5 million, EPS $0.80 per diluted share.","evidence_excerpt":"Quarterly Financial Highlights (all comparisons are to the third quarter of fiscal 2022, unless otherwise noted) • Revenue of $228.7 million, compared to $188.0 million • GAAP gross margin of 29.8%, compared to 34.0% • Non-GAAP gross margin of 32.3%, compared to 36.3% • GAAP net loss of $99.5 million, or $0.80 per diluted share, compared to $66.5 million, or $0.54 per diluted share","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000023","anchor_url":"https://secwatch.observer/filing/0000895419-23-000023#claim-d7362bbf7d241bdfee159be299ba6f84d18111aa","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm"},{"fact_type":"earnings_release","fact_key":"e941ecc7fd77417ace131ece834b2218212970fe","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-01-25T23:59:59+00:00","payload":{"eps_text":"$0.65 to $0.71 per diluted share","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$81 million to $88 million","period_text":"the third quarter of fiscal 2023","report_date":"2023-01-25","result_type":"guidance_update","revenue_text":"$210 million to $230 million"},"claim":"WOLFSPEED, INC. reported the third quarter of fiscal 2023 results: revenue $210 million to $230 million, net income $81 million to $88 million, EPS $0.65 to $0.71 per diluted share. Guidance initiated.","evidence_excerpt":"For its third quarter of fiscal 2023, Wolfspeed targets revenue in a range of $210 million to $230 million. GAAP net loss is targeted at $81 million to $88 million, or $0.65 to $0.71 per diluted share.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000006","anchor_url":"https://secwatch.observer/filing/0000895419-23-000006#claim-e941ecc7fd77417ace131ece834b2218212970fe","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/0000895419-23-000006-index.htm"},{"fact_type":"earnings_release","fact_key":"dd624d5e1a272503ae92eae9ae5e8b76b73b5c85","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-01-25T23:59:59+00:00","payload":{"eps_text":"$0.73 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"net loss of $90.9 million","period_text":"the second quarter of fiscal 2023","report_date":"2023-01-25","result_type":"reported_results","revenue_text":"$216.1 million"},"claim":"WOLFSPEED, INC. reported the second quarter of fiscal 2023 results: revenue $216.1 million, net income net loss of $90.9 million, EPS $0.73 per diluted share.","evidence_excerpt":"Revenue of $216.1 million, compared to $173.1 million • GAAP gross margin of 31.0%, compared to 32.9% • Non-GAAP gross margin of 33.6%, compared to 35.4% • GAAP net loss of $90.9 million, or $0.73 per diluted share, compared to $96.7 million, or $0.82 per diluted share","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000895419-23-000006","anchor_url":"https://secwatch.observer/filing/0000895419-23-000006#claim-dd624d5e1a272503ae92eae9ae5e8b76b73b5c85","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/0000895419-23-000006-index.htm"},{"fact_type":"executive_change","fact_key":"408ed44ddf","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2023-01-25T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-01-23","interim":false,"role":"member of the Board","role_category":"director","successor_name":null,"successor_named":false},"claim":"Stacy J. Smith was elected as member of the Board at WOLFSPEED, INC..","evidence_excerpt":"elected Stacy J. Smith, age 60, as a member of the Board to fill the resulting vacancy.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000895419-23-000005","anchor_url":"https://secwatch.observer/filing/0000895419-23-000005#claim-408ed44ddf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000005/0000895419-23-000005-index.htm"},{"fact_type":"debt_financing","fact_key":"75c0e022845bbd6739ca810f4aff6e1a0cc6548d","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2022-11-21T23:59:59+00:00","payload":{"counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2022-11-21","event":"incurrence","instrument_type":"convertible_notes","interest_rate_text":"1.875%","item_codes_triggered":["2.03"],"maturity_text":"December 1, 2029","principal_text":"$1,750 million"},"claim":"WOLFSPEED, INC. incurred convertible notes of $1,750 million with U.S. Bank Trust Company, National Association at 1.875% maturing December 1, 2029.","evidence_excerpt":"The Company completed the offering of $1,750 million aggregate principal amount of Notes on November 21, 2022.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-22-289993","anchor_url":"https://secwatch.observer/filing/0001193125-22-289993#claim-75c0e022845bbd6739ca810f4aff6e1a0cc6548d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/0001193125-22-289993-index.htm"},{"fact_type":"material_agreement","fact_key":"ccdf9c6945d86ae55c9ed951543905681b008e36","cik":895419,"ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2022-11-21T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2022-11-21","item_codes_triggered":["1.01"],"value_text":"$1,750 million"},"claim":"WOLFSPEED, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,750 million (effective 2022-11-21).","evidence_excerpt":"On November 21, 2022, in connection with the previously announced private offering and sale of $1,750 million aggregate principal amount of 1.875% convertible senior notes due 2029 (the “ Notes ”) of Wolfspeed, Inc. (the “ Company ”), which includes the full exercise by the initial purchasers of the Notes (the “ Initial Purchasers ”) of their option to purchase up to $225 million aggregate principal amount of Notes, the Company and U.S. Bank Trust Company, National Association, as trustee, executed an indenture (the “ Indenture ”) relating to the Notes.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-22-289993","anchor_url":"https://secwatch.observer/filing/0001193125-22-289993#claim-ccdf9c6945d86ae55c9ed951543905681b008e36","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312522289993/0001193125-22-289993-index.htm"}]}