Corporate ActionJun 9, 2026, 04:46 PM
Wolfspeed Registers 24.07M Shares for Resale by Selling Stockholders
AI Summary
Wolfspeed, Inc. filed an S-1 registration statement for the potential resale of up to 24,072,041 shares of common stock by identified selling stockholders. These shares include existing common stock, shares issuable upon exercise of pre-funded warrants, and shares issuable upon conversion of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031. The company will not receive any proceeds from these sales, which will be conducted from time to time at the discretion of the selling stockholders.
Key Highlights
- Registers 24,072,041 shares of common stock for resale by selling stockholders.
- Includes 3,250,030 existing common shares and 2,000,000 from pre-funded warrants.
- Includes 18,822,011 shares from 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031.
- Wolfspeed will not receive any proceeds from the sale of shares by selling stockholders.
- Common stock is listed on the NYSE under the symbol "WOLF".
- Closing price on June 8, 2026, was $55.42 per share.
- 51,972,101 shares of common stock were outstanding as of May 31, 2026.
- Shares outstanding could reach 72,794,112 after full conversion/exercise of registered securities.
Price Impact
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