other_material
confidence high
sentiment neutral
materiality 0.85
Wolfspeed emerges from Chapter 11 on Sep 29, 2025; pro forma equity $757M
WOLFSPEED, INC.
- Enterprise value estimated at $2.6B; new common equity of $757.2M after fresh-start accounting.
- Prepackaged plan issued $1.38B New Senior Secured Notes due 2030 and $500.2M New 2L Convertible Notes.
- Pro forma net loss for Sep quarter $162.5M vs Predecessor historical loss of $643.6M.
- Renesas receives $216.3M in convertible notes and warrants; 16.9M shares subject to regulatory approval.
- Existing shares canceled; new common shares outstanding ~25.8M, including 1.3M for old equity holders.
item 8.01item 9.01