secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0000895419-23-000057
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed sells RF business to MACOM for ~$125M; focuses on SiC power and materials
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- Total consideration: ~$75M cash plus 711,528 MACOM shares valued at $50M based on 30-day average.
- Transaction expected to close by end of 2023, subject to HSR clearance and customary conditions.
- Wolfspeed updates Q1 FY2024 guidance: revenue from continuing ops $185-205M; non-GAAP net loss unchanged.
- MACOM to take control of Wolfspeed's 100mm GaN wafer fab in RTP, NC approximately two years after close.
- J.P. Morgan and Smith Anderson are financial and legal advisors to Wolfspeed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000057/0000895419-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000057/wolf-20230822.htm
  HTML page:      https://secwatch.observer/filing/0000895419-23-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer