Wolfspeed emerges from Chapter 11; pro forma shows $530.6M net loss for nine months

WOLFSPEED, INC.

Plan effective Sept 29, 2025; regulatory approvals received Jan 29, 2026, triggering instrument reclassifications.
Enterprise value at emergence estimated at $2.6B; total new shares issued ~43.6M.
Pro forma combined net loss $530.6M for nine months ended Mar 29, 2026; $1.213B for FY2025.
Fresh start accounting applied; goodwill impairment of $359.2M and restructuring expenses of $420.1M in FY2025.
Contingent cash of $10M returned to Wolfspeed; Forward Equity Contract extinguished at $292.1M.

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