WOLFSPEED, INC. — Form 8-K
Filed September 16, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 92/100
What the filing says
Wolfspeed completed its prepackaged Chapter 11 bankruptcy on September 29, 2025, and received all Regulatory Approvals on January 29, 2026. Under the Plan, it issued $1.3B in new Senior Secured Notes, ~$301.1M in New 2L Convertible Notes, and $203.6M in New Renesas 2L Convertible Notes. Renesas received 16.9M shares of New Common Stock, 4.9M warrants at $23.95/share, and convertible notes. Old shareholders were diluted to ~1.3M shares (3% of ~43.6M total issued); pro forma net loss for FY2026 was $665.9M (−$14.44/share).
Why this rating
Bankruptcy emergence with complete capital structure overhaul, 97% equity dilution, $2.6B debt load (5× market cap), Renesas control; material restructuring alters business trajectory and solvency profile.
Price action (we called it negative)
before filing · preread $23.75 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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