secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001193125-25-224251
Event type: other_material
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 1.03, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed emerges from Chapter 11; old equity cancelled, new shares issued, board overhauled
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000119312525224251/0001193125-25-224251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000119312525224251/d22768d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-224251

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