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-0.0218546958062609 0.00118133490844652 0.00472533963378629 0.0142705256940344 0.0112226816302422 0.0129946839929121 0.00531600708800944 0.030124040165387
Stock impact report

Wolfspeed Announces CFIUS Clearance and Completion of Equity Issuance to Renesas as Part of Court-Approved Restructuring

Wolfspeed, Inc. New (WOLF) 
Company Research Source: Business Wire
Final 2.0% Equity Recovery Shares to be Released to Pre-Petition Shareholders Following Regulatory ClearanceRenesas Executive to Join Wolfspeed Board of Directors as Part of Restructuring Agreement DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc., a global leader in silicon carbide technology and production (the “Company” or “Wolfspeed”), today announced that the Committee on Foreign Investment in the United States (“CFIUS”) has formally cleared the Company’s issuance of equity to Renesas Electronics America Inc. (“Renesas”), completing a key component of Wolfspeed’s previously announced restructuring agreement with its lender group in support of its Chapter 11 process.“CFIUS clearance represents the final milestone in the execution of our prepackaged restructuring,” said Wolfspeed CEO, Robert Feurle. “With this phase behind us, Wolfspeed is fully focused on broadening and diversifying our customer base, expanding our leadership in SiC power devices, and scaling with discipline acros Show less Read more
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