Wolfspeed raises $476M via private placement to refinance 2030 senior debt

Filed March 19, 2026 · Period ending March 19, 2026 · ~1 min read

Key Changes

• high

  Company raising $476M through sale of 3.25M shares at $18.46, pre-funded warrants for 2M shares, and $379M in 3.5% convertible notes due 2031. Proceeds will redeem approximately $476M of existing Senior Secured Notes due 2030.

  Item 1.01, Item 8.01 verify on EDGAR →
• high

  Convertible notes carry 3.5% interest, convert at $20.14/share (18.8M shares if fully converted), and are secured by substantially all company assets. Notes guaranteed by Wolfspeed Texas subsidiary.

  Item 1.01 verify on EDGAR →
• high

  Total potential dilution exceeds 24M shares: 3.25M immediate issuance, 2M from pre-funded warrants (exercisable anytime at $0.01), and up to 18.8M from note conversions at initial rate.

  Item 1.01, Item 3.02 verify on EDGAR →