---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-116036"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:47:31.730405+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed raises ~$475.9M via convertible notes and equity to redeem higher-cost senior notes

## Summary
- Gross proceeds: $379M from 3.5% Convertible Senior Secured Notes due 2031 and ~$96.9M from common stock and pre-funded warrants.
- Proceeds will redeem ~$475.9M of outstanding Senior Secured Notes due 2030, reducing annual interest expense.
- Notes initial conversion price ~$20.14 per share, a ~20% premium to the $16.78 March 18 closing price.
- Equity issued: 3,250,030 shares at $18.458 (10% premium) and pre-funded warrants for 2M shares at $18.448.
- Closing expected March 26, 2026, subject to customary conditions.

## SEC filing metadata
- accession: 0001193125-26-116036
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/d75349d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-116036
- JSON: https://secwatch.observer/filing/0001193125-26-116036.json
- Plain text: https://secwatch.observer/filing/0001193125-26-116036.txt

## Key facts
- Debt Financings
  WOLFSPEED, INC. incurred convertible notes of $379,000,000 aggregate principal amount with the investor parties at 3.5% maturing due 2031.
  - Instrument: convertible notes
  - Principal: $379,000,000 aggregate principal amount
  - Counterparty: the investor parties
  - Rate: 3.5%
  - Maturity: due 2031
  - Event: incurrence
  source text: To the extent required by Item 2.03 of Form 8-K, the information regarding the Notes Placement set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
- Equity Issuances
  WOLFSPEED, INC. issued 3,250,030 shares of common stock to certain investors (the "Equity Securities Investors") for $18.458 per share.
  - Security: common stock
  - Shares: 3,250,030 shares
  - Purchaser: certain investors (the "Equity Securities Investors")
  - Consideration: $18.458 per share
  source text: The Purchase Agreement provides for the sale and issuance by the Company of an aggregate of: (i) 3,250,030 shares (the “Shares”) of the Company’s common stock, par value $0.00125 per share (the “Common Stock”) and (ii) pre-funded warrants (the “Pre-Funded Warrants,” and, together with the Shares, the “Equity Securities”) to purchase up to an aggregate of 2,000,000 shares of Common Stock in a private placement (the “Equity Securities Placement”). The price per Share is $18.458, and the price per Pre-Funded Warrant is $18.448.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
- Equity Issuances
  WOLFSPEED, INC. issued up to an aggregate of 2,000,000 shares of Common Stock of warrant to certain investors (the "Equity Securities Investors") for $18.448 per Pre-Funded Warrant.
  - Security: warrant
  - Shares: up to an aggregate of 2,000,000 shares of Common Stock
  - Purchaser: certain investors (the "Equity Securities Investors")
  - Consideration: $18.448 per Pre-Funded Warrant
  source text: The Purchase Agreement provides for the sale and issuance by the Company of an aggregate of: (i) 3,250,030 shares (the “Shares”) of the Company’s common stock, par value $0.00125 per share (the “Common Stock”) and (ii) pre-funded warrants (the “Pre-Funded Warrants,” and, together with the Shares, the “Equity Securities”) to purchase up to an aggregate of 2,000,000 shares of Common Stock in a private placement (the “Equity Securities Placement”). The price per Share is $18.458, and the price per Pre-Funded Warrant is $18.448.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
- Equity Issuances
  WOLFSPEED, INC. issued $379,000,000 aggregate principal amount of convertible note to the investor parties thereto.
  - Security: convertible note
  - Shares: $379,000,000 aggregate principal amount
  - Purchaser: the investor parties thereto
  source text: The Notes Subscription Agreements provide for the sale and issuance by the Company of $379,000,000 aggregate principal amount of the Company’s 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 (the “Notes” and, together with the Equity Securities, the “Securities”) in a private placement (the “Notes Placement” and, together with the Equity Securities Placement, the “Private Placements”) to such investors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
- Material Agreements
  WOLFSPEED, INC. entered into Notes Subscription Agreements with Wolfspeed Texas, LLC, as guarantor (the "Guarantor"), and the investor parties thereto valued at $379,000,000 aggregate principal amount (effective 2026-03-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wolfspeed Texas, LLC, as guarantor (the "Guarantor"), and the investor parties thereto
  - Value: $379,000,000 aggregate principal amount
  - Effective: 2026-03-19
  source text: On March 19, 2026, the Company also entered into separate, privately negotiated subscription agreements (collectively, the “Notes Subscription Agreements”) with Wolfspeed Texas, LLC, as guarantor (the “Guarantor”), and the investor parties thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
- Material Agreements
  WOLFSPEED, INC. entered into Equity Purchase Agreement with certain investors (the "Equity Securities Investors") valued at approximately $96.9 million (effective 2026-03-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors (the "Equity Securities Investors")
  - Value: approximately $96.9 million
  - Effective: 2026-03-19
  source text: On March 19, 2026, Wolfspeed, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Equity Purchase Agreement”) with certain investors (the “Equity Securities Investors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.