Wolfspeed (WOLF) Registration Filing summary

Company overview and business model

• Innovator in wide bandgap semiconductors, focusing on silicon carbide materials and devices for power applications in automotive, industrial, energy, and communications sectors.

• Products are used in electric vehicles, fast charging, AI/datacenters, grid modernization, renewable energy, and military/telecom applications.

• Manufacturing facilities are located in North Carolina, New York, and Arkansas, with ongoing expansion in North Carolina.

• Emerged from Chapter 11 bankruptcy on September 29, 2025, and converted to a Delaware corporation.

Financial performance and metrics

• As of February 28, 2026, 45,088,611 shares of common stock were issued and outstanding.

• The company issued new senior secured notes due 2030 totaling $1.26 billion and convertible second-lien notes due 2031 as part of its restructuring.

• The closing sale price of common stock on March 6, 2026, was $16.57 per share.

Use of proceeds and capital allocation

• Will not receive proceeds from the selling stockholder’s sale of shares; may receive up to $118.4 million if the Renesas Warrant is exercised for cash, to be used for general corporate purposes.