RestructuringJun 9, 2026, 04:27 PM
Wolfspeed Emerges from Bankruptcy with Pro Forma Financials
AI Summary
Wolfspeed, Inc. has filed unaudited pro forma consolidated financial information detailing the effects of its prepackaged plan of reorganization, which became effective on September 29, 2025. The company adopted fresh start accounting and has now received the necessary regulatory approvals as of January 29, 2026. The pro forma statements present the financial impact of these significant events, including substantial net losses for the periods presented, reflecting the restructuring and emergence from bankruptcy.
Key Highlights
- Wolfspeed, Inc. disclosed unaudited pro forma consolidated financial information following its prepackaged plan of reorganization.
- The company adopted fresh start accounting effective September 29, 2025, after emerging from bankruptcy.
- Pro forma statements reflect the impact of the reorganization plan, fresh start accounting, and receipt of regulatory approvals on January 29, 2026.
- Total operating expenses for the nine months ended March 29, 2026, were $237.8 million on a pro forma combined basis.
- For the year ended June 29, 2025, the pro forma net loss was $1,213.4 million.
- For the nine months ended March 29, 2026, the pro forma net loss was $530.6 million.
- Basic and diluted net loss per share for the year ended June 29, 2025, was ($27.85).
- Basic and diluted net loss per share for the nine months ended March 29, 2026, was ($12.00).
Price Impact
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