Highest-materiality recent filing
Wolfspeed emerges from Chapter 11; pro forma shows $530.6M net loss for nine months
Plan effective Sept 29, 2025; regulatory approvals received Jan 29, 2026, triggering instrument reclassifications.
Wolfspeed Q3 FY26: rev $150M, GAAP net loss $120M, adj EBITDA -$62M
Revenue ~$150M in line with guidance; GAAP gross margin -27%, non-GAAP -21%.
Wolfspeed issues $379M 3.5% convertible notes, redeems ~$476M senior debt
Issued $379M of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031 at a conversion price of ~$20.14.
Wolfspeed raises ~$475.9M via convertible notes and equity to redeem higher-cost senior notes
Gross proceeds: $379M from 3.5% Convertible Senior Secured Notes due 2031 and ~$96.9M from common stock and pre-funded warrants.
Wolfspeed releases pro forma financials reflecting bankruptcy emergence, regulatory approvals
Pro forma net loss $372.0M for six months ended Dec 28, 2025; $1,213.4M for FY ended Jun 29, 2025.
Wolfspeed Q2 revenue $168M, net loss $151M; AI datacenter up 50% QoQ
Revenue $168M (Mohawk Valley Fab $76M); GAAP gross margin (46)%, non-GAAP (34)%.
CFIUS clearance obtained Jan 29, 2026 for equity issuance to Renesas; 16,852,372 shares issued to Renesas, 871,287 to pre-petition shareholders.
Wolfspeed enters new employment agreement with CFO van Issum; base $500K
Agreement effective Jan 1, 2026; at-will employment, base salary $500,000.
All seven director nominees elected; closest vote was Mark E. Jensen with 15,720,080 for and 1,718,015 withheld.
CEO Feurle receives $5M sign-on RSU (3-yr vest), $2M annual RSU, $3M PSU; reference price 50% at $19.98 and 50% 45-day VWAP.
Wolfspeed receives $698.6M cash tax refund from IRS, boosts liquidity to ~$1.5B
Received $698.6M in cash from Section 48D AMIC tax refunds from the IRS.
Wolfspeed emerges from Chapter 11 on Sep 29, 2025; pro forma equity $757M
Enterprise value estimated at $2.6B; new common equity of $757.2M after fresh-start accounting.
Wolfspeed reports $197M rev, GAAP loss $4.12; Q2 guidance $150-190M
Revenue $197M nearly flat YoY ($195M); Mohawk Valley Fab contributed $97M vs $49M.
Wolfspeed emerges from Chapter 11; old equity cancelled, new shares issued, board overhauled
Plan effective Sept 29, 2025; ~25.8M new common shares issued; old common cancelled.
Wolfspeed emerges from Chapter 11; old shares cancelled, new shares issued at 0.008352 ratio
All previously outstanding common stock cancelled; existing holders received 1,306,903 new shares (ratio 0.008352).
Wolfspeed expects Corporate Conversion to Delaware on Sept 29, 2025
Corporate conversion from North Carolina to Delaware expected effective on or about September 29, 2025.
Bankruptcy court confirmed prepackaged Plan of Reorganization on September 8, 2025.
Wolfspeed reports Q4 FY2025 revenue $197M; Chapter 11 plan approval next month
Q4 revenue $197M (down ~2% YoY); GAAP EPS loss $4.30, non-GAAP EPS loss $0.77.
Wolfspeed appoints Gregor van Issum as CFO, effective Sept 1, 2025; former ams-OSRAM & NXP executive
Van Issum joins as CFO and EVP; will relocate to Durham, NC and report to CEO Robert Feurle.
Wolfspeed files Chapter 11; debt down ~70% ($4.6B), equity cancelled, holders get 3-5% of new common
Prepackaged Chapter 11 filed to reduce total debt by ~70% (~$4.6B) and annual interest expense by ~60%.
Wolfspeed announces prepackaged debt restructuring; to cut debt ~$4.6B, dilute equity to 3-5%
Debt restructuring to reduce total debt by ~70% (~$4.6B) and annual interest expense by ~60%.
Wolfspeed appoints Kevin Speirits as interim CFO effective May 30; CFO Neill Reynolds departs
Neill Reynolds, EVP and CFO, departs May 30, 2025; Kevin Speirits appointed interim CFO same day.
David Emerson appointed EVP/COO effective no later than June 30, 2025; base salary $500K with $2M in equity grants.
Paul Walsh (ex-CFO of Allegro MicroSystems) and Mark Jensen (ex-Deloitte partner) elected to Wolfspeed board; both join Audit Committee.
Wolfspeed Q3 FY2025 revenue $185M, GAAP loss per share $1.86, non-GAAP loss $0.72
Revenue $185M, down 8% YoY from $201M; GAAP gross margin negative 12% vs positive 11% a year ago.
Engaged with a holder of its 1.75% convertible senior notes due 2026 for a potential transaction; deemed not actionable.
Wolfspeed adopts 2025 Inducement Award Plan, reserves 2M shares for new-hire equity grants
Board adopted 2025 Inducement Award Plan effective May 1, 2025.
Wolfspeed CFO Neill Reynolds to depart May 30; guidance reaffirmed
CFO Neill Reynolds will depart effective May 30, 2025, to pursue another professional opportunity; he will remain to coordinate lender negotiations.
Wolfspeed board members Thomas J. Seifert and George H. Young III resign effective April 3, 2025
Thomas J. Seifert notified Wolfspeed of his resignation from the board on April 3, 2025.
Wolfspeed appoints Robert Feurle as CEO effective May 1, 2025; Thomas Werner returns to Chairman
Feurle joins from ams-OSRAM, where he led Opto Semiconductors with 10,000+ employees; prior roles at Infineon, Micron.
Wolfspeed cuts 180 jobs, slashes capex, targets EBITDA breakeven at $800M revenue
Reducing headcount by ~180 employees in materials operations at Durham and Siler City.
Wolfspeed Q2 revenue $181M (-13% YoY); GAAP gross margin -21%; restructuring costs $188M
GAAP gross margin negative 21% vs positive 13% a year ago; non-GAAP gross margin 2% vs 16%.
Wolfspeed completes $200M ATM equity offering, sells 27.8M shares
Gross proceeds of $200M from 27,793,535 shares sold; CHIPS Act milestone cited.
Wolfspeed enters ATM equity distribution agreement for up to $200M common stock sale
Agreement with J.P. Morgan and Wells Fargo allows at-the-market offerings of up to $200M in common stock.
Wolfspeed annual meeting elects all nine director nominees; say-on-pay approved
All nine director nominees elected; former CEO Gregg A. Lowe withdrew as nominee following his Nov. 18 departure.
Wolfspeed appoints Thomas H. Werner as Executive Chair with $150K monthly salary and RSU grants
Thomas H. Werner appointed Executive Chair effective Nov 18, 2024; offer letter signed Nov 19.
Wolfspeed CEO Gregg Lowe departs; Chairman Thomas Werner appointed Executive Chairman
Gregg Lowe terminated without cause, effective Nov 18; foregoes 1.5x target bonus severance.
Revenue $195M (vs $197M YoY); GAAP gross margin -19% vs 13% a year ago; non-GAAP gross margin 3%.
Wolfspeed issues $250M initial tranche of senior secured notes due 2030
Issued first $250M of senior secured notes due 2030 under A&R Indenture dated Oct 11, 2024.
Wolfspeed nominates Thomas Seifert and Woody Young to board; two directors retiring
Thomas Seifert (CFO of Cloudflare) and Woody Young (former President of Solidigm) nominated for election at Dec 5, 2024 annual meeting.
Wolfspeed amends Renesas deposit agreement to allow PIK interest, liens for CHIPS Act grants
Amendment permits paying accrued interest in kind (PIK) at 15% annual rate instead of cash, adding to principal.
Wolfspeed secures $1.5B in new funding: $750M CHIPS Act proposed, $750M from Apollo-led consortium
U.S. Department of Commerce proposes $750M in CHIPS Act funding for Wolfspeed's NC and NY expansions.
Wolfspeed Q4 rev $201M, GAAP gross margin 1%; Q1 guidance: rev $185-215M, loss $1.54-1.79/share
Revenue $201M (down ~1% YoY); Mohawk Valley fab contributed $41M revenue at 20% utilization, ahead of schedule.
Wolfspeed Q3 FY2024 revenue $201M, gross margin drops to 11%, Mohawk Valley Fab revenue doubles
Revenue $201M vs $193M YoY; GAAP gross margin fell to 11% from 31%, due to $30M underutilization costs.
Wolfspeed receives $500M additional deposit from Renesas under CRD Agreement
Renesas America funded $500M additional deposit on Feb 27, 2024, per Company request.
Revenue of $208.4M up 20% YoY; GAAP gross margin 13.3% vs 32.6% YoY, hurt by $35.6M underutilization costs.
Wolfspeed completes sale of RF business to MACOM for $75M cash and stock
Received $75M cash plus 711,528 shares of MACOM common stock (valued ~$60.8M as of Dec 1, 2023).
Wolfspeed FY2024 Bonus Plan approved: CEO target 140% of base salary, CFO target 100%
Compensation Committee approved FY2024 Bonus Plan on Oct 31, 2023.
Revenue $197.4M (+4% YoY); Mohawk Valley Fab contributed $4M; design-ins $2.2B; record design-wins >$1B.
Wolfspeed shareholders approve doubling authorized shares to 400M and new LTIP plan
Authorized common shares increased from 200M to 400M (95.4M for, 14.6M against).
Neill P. Reynolds, the Company’s Executive Vice President and Chief Financial Officer, will depart effective May 30, 2025.
Kevin Speirits, currently the Company’s Senior Vice President, Finance, will serve as Interim Chief Financial Officer effective May 30, 2025
appointed David Emerson, Ph.D., to serve as the Company’s Executive Vice President (“EVP”) and Chief Operating Officer (“COO”).
elected each of Mark Jensen and Paul V. Walsh, Jr. as a member of the Board
elected each of Mark Jensen and Paul V. Walsh, Jr. as a member of the Board
the Company and its Executive Vice President and Chief Financial Officer, Neill P. Reynolds, have agreed that he will be departing the Company effective May 30, 2025.
The Company onboards its new Chief Executive Officer, Robert Feurle, on May 1, 2025.
On April 3, 2025, Thomas J. Seifert and George H. “Woody” Young III, members of the Board of Directors (the “Board”) of Wolfspeed, Inc. (the “Company”), each notified the Company of his decision to resign from the Board, effective as of April 3, 2025.
On April 3, 2025, Thomas J. Seifert and George H. “Woody” Young III, members of the Board of Directors (the “Board”) of Wolfspeed, Inc. (the “Company”), each notified the Company of his decision to resign from the Board, effective as of April 3, 2025.
On March 27, 2025, the Board of Directors (the “Board”) of Wolfspeed, Inc. (the “Company”) appointed Robert Feurle to serve as the Company’s Chief Executive Officer and a member of the Board, effective May 1, 2025
After a transition period, Mr. Werner will continue to serve as a non-employee director and Chairman of the Board.
the Board of Directors (the “Board”) of Wolfspeed, Inc. (the “Company”) appointed Thomas H. Werner as Executive Chair effective as of November 18, 2024.
Max materiality 1.00 · Median 0.75 · Most common event other_material