Wolfspeed abandons potential transaction involving 2026 convertible notes; discloses cleansing material

WOLFSPEED, INC.

Engaged with a holder of its 1.75% convertible senior notes due 2026 for a potential transaction; deemed not actionable.
Under a confidentiality agreement, company publicly discloses previously confidential financial projections as cleansing material.
Cleansing material includes non-GAAP projections prepared for internal discussions; not audited or reviewed by accountants.
Company cautions projections are forward-looking and should not be relied upon for investment decisions.
No specific terms of the potential transaction were disclosed; projections cover multiple future years.

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