Highest-materiality recent filing
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 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.
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”).
Max materiality 1.00 · Median 0.80 · Most common event other_material