---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-237183"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T15:07:48.982766+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed secures $1.5B in new funding: $750M CHIPS Act proposed, $750M from Apollo-led consortium

## Summary
- U.S. Department of Commerce proposes $750M in CHIPS Act funding for Wolfspeed's NC and NY expansions.
- Apollo-led investment group provides $750M in additional senior notes; $250M available within 10 business days.
- Wolfspeed expects ~$1B in cash tax refunds from Section 48D tax credit over next several years.
- Total expected capital of up to $2.5B to support 200mm silicon carbide manufacturing footprint.
- A&R Indenture includes minimum liquidity covenant of $630M rising to $750M and step-down interest rates.

## SEC filing metadata
- accession: 0001193125-24-237183
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312524237183/0001193125-24-237183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312524237183/d891469d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-237183
- JSON: https://secwatch.observer/filing/0001193125-24-237183.json
- Plain text: https://secwatch.observer/filing/0001193125-24-237183.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.