other_material
confidence high
sentiment neutral
materiality 0.85
Wolfspeed receives CFIUS clearance; issues 16.85M shares to Renesas; final equity recovery to pre-petition shareholders
WOLFSPEED, INC.
- CFIUS clearance obtained Jan 29, 2026 for equity issuance to Renesas; 16,852,372 shares issued to Renesas, 871,287 to pre-petition shareholders.
- Total shares outstanding post-issuance approx. 45.1 million, including prior conversions of second lien convertible notes.
- Renesas appoints Aris Bolisay to Wolfspeed board, effective Feb 2, 2026, as designee per investor rights agreement.
- Warrant for 4,943,555 shares and 2.5% convertible notes due 2031 become exercisable/convertible upon clearance.
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