Wolfspeed releases pro forma financials reflecting bankruptcy emergence, regulatory approvals

WOLFSPEED, INC.

Pro forma net loss $372.0M for six months ended Dec 28, 2025; $1,213.4M for FY ended Jun 29, 2025.
Plan effective Sep 29, 2025; Regulatory Approvals (CFIUS, antitrust) received Jan 29, 2026.
Enterprise value estimated at $2.6B (midpoint $2.35B-$2.85B); reorganization value $3.84B.
Fresh start accounting adopted; historical financials not comparable to future post-emergence periods.
Approximately 43.6M shares of New Common Stock issued; old shares cancelled; Renesas received shares and warrants.

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