Wolfspeed raises $475.9 million through convertible notes and stock sale
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Wolfspeed Announces Subscriptions for $379 Million of Convertible Notes and $96.9 Million of Common Stock and Pre-Funded Warrants
March 19, 2026 8:59 AM EDTPursuant to the Companys focus on strengthening its capital structure, the Company is raising capital from new and existing investors, with the proceeds intended to reduce highest cash cost debt, lower annual interest expense, and reduce total debt Gross proceeds from the Private Placements to redeem approximately $475.9 million of the outstanding Senior Notes Issues approximately $60.0 million of new shares of common stock at a 10.0% premium over the closing price on March 18, 2026 Efforts to strengthen the balance sheet support initiatives to diversify key end markets and capture opportunities in emerging... More
