8-K
filed September 30, 2025, 7:59 PM ET
ticker WOLF
CIK 0000895419
other material
confidence high
sentiment positive
materiality 1.00
WOLFSPEED, INC. (WOLF): M&A transaction — Wolfspeed emerges from Chapter 11; old equity cancelled, new shares issued, board overhauled
WOLFSPEED, INC.
- Plan effective Sept 29, 2025; ~25.8M new common shares issued; old common cancelled.
- ~95% of new shares to pre-petition debt holders; old common holders get ~5%.
- Issued $1.259B new senior secured notes due 2030, $180.7M 2.5% convertible notes, $296.4M PIK toggle notes.
- Renesas gets warrant for ~4.94M shares at $23.95 and ~$203.6M in new 2L convertible notes.
- Six directors departed; four appointed; Abate named Chairman; Renesas board seat pending regulatory approvals.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
WOLFSPEED, INC. issued approximately 1,306,896 shares of New Common Stock of common stock to existing equity holders for pro rata share for cancellation of Old Common Stock.
- Security
- common stock
- Shares
- approximately 1,306,896 shares of New Common Stock
- Purchaser
- existing equity holders
- Consideration
- pro rata share for cancellation of Old Common Stock
Exact text from the filing
all of the previously issued and outstanding shares of Old Common Stock were cancelled, and existing equity holders received their pro rata share of approximately 1,306,896 shares of New Common Stock.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
WOLFSPEED, INC. issued 4,943,555 shares of warrant to Renesas Electronics America Inc. for exercise price of $23.95 per share.
- Security
- warrant
- Shares
- 4,943,555 shares
- Purchaser
- Renesas Electronics America Inc.
- Consideration
- exercise price of $23.95 per share
Exact text from the filing
Wolfspeed issued a warrant (the “Renesas Warrant”) to Renesas Electronics America Inc. (“Renesas”) to purchase an aggregate of 4,943,555 shares of Wolfspeed’s common stock, par value $0.00125 per share (the “New Common Stock”), at an exercise price of $23.95 per share.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
WOLFSPEED, INC.: Adopted New Bylaws upon conversion from a North Carolina corporation to a Delaware corporation.
- Change
- bylaw amendment
Exact text from the filing
Wolfspeed effected a conversion from a North Carolina corporation to a Delaware corporation and, in connection therewith, the New Certificate of Incorporation became effective and Wolfspeed adopted the New Bylaws.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
WOLFSPEED, INC.: Adopted New Certificate of Incorporation upon conversion from a North Carolina corporation to a Delaware corporation.
- Change
- charter amendment
Exact text from the filing
Wolfspeed effected a conversion from a North Carolina corporation to a Delaware corporation and, in connection therewith, the New Certificate of Incorporation became effective and Wolfspeed adopted the New Bylaws.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
WOLFSPEED, INC. underwent a change of control (closed 2025-09-29).
- Action
- change of control
- Closing
- 2025-09-29
Exact text from the filing
On the Plan Effective Date, all previously issued and outstanding equity interests in Wolfspeed were cancelled and extinguished.
View on SEC.gov
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