other_material
confidence high
sentiment neutral
materiality 0.75
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.
item 8.01item 9.01