secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001193125-26-116036
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/0001193125-26-116036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000119312526116036/d75349d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-116036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer