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Technology Stocks : Wolf speed
WOLF 18.00-3.3%10:46 AM EST
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From: slacker7112/12/2021 6:59:26 AM
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Cree readies stock offering, shares down 6%

Feb. 12, 2021 4:46 AM ET

Cree (NASDAQ:CREE) drops 6% premarket after filing a prospectus for unspecified common stock offering.
The filing does not necessarily indicate that a sale has begun, or will occur in the future.
Also, the company inks distribution agreement with some of the Fund Managers for the sale of up to $500M of shares of common stock.
Manager will earn a 2% commission for its efforts.

seekingalpha.com
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