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Technology Stocks : Wolf speed

WOLF 30.76

-0.4%

9:30 AM EDT

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To: Lou Weed who wrote (10699)	9/29/2025 1:11:02 PM
From: Ron	1 Recommendation Recommended By Lou Weed Read Replies (2) of 10711

Finally we get some news: Wolfspeed Inc (NYSE: WOLF) shares are surging Monday afternoon after the company announced a reorganization plan, with shareholders receiving substituted new common stock. The stock surged as much as 1,450% following news of its Chapter 11 restructuring and corporate changes. Here’s what investors need to know. What To Know: Wolfspeed’s court-approved plan will slash its debt by 70%, from $6.5 billion to $2 billion, and cut interest payments by about 60%. As part of the process, Wolfspeed will reincorporate from North Carolina to Delaware. In connection with these changes, the New York Stock Exchange suspended trading of the “old” Wolfspeed common stock on Monday. Wolfspeed’s “old” common stock is set to be delisted on Oct. 10. Shareholders will receive new common stock in the reorganized company. However, the restructuring involves significant dilution, with current shareholders set to receive only 3-5% of the new equity as creditors take majority ownership. The massive debt reduction sparked speculative trading, fueling the dramatic price surge amid several trading halts Monday morning. -------- Just watching... I miss CREE

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