WOLFSPEED, INC. (WOLF): going-concern / distress — Wolfspeed receives court confirmation of Chapter 11 plan; expects to exit bankruptcy in weeks, reduce debt by ~70%

WOLFSPEED, INC.

Bankruptcy court confirmed prepackaged Plan of Reorganization on September 8, 2025.
Upon emergence, Wolfspeed expects to reduce its debt by approximately 70%.
Existing common stock will be cancelled; current equity holders to receive 3%–5% of new common equity (depending on regulatory approvals).
Expects ~43.6M shares of New Common Stock issued and outstanding if regulatory approvals obtained.
Company expects to emerge from Chapter 11 in the next several weeks.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 1.0

WOLFSPEED, INC. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2025-06-30).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of Texas, Houston Division
Petition: 2025-06-30

Exact text from the filing

On June 30, 2025 (the “Petition Date”), Wolfspeed, Inc. (“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”).

View on SEC.gov

1 distress & bankruptcy filed in the last 30 days. Browse all distress & bankruptcy →

WOLFSPEED, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-199310

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.