Wolfspeed secondary offering: up to 24.1M shares by selling stockholders; company receives no proceeds

Filed June 9, 2026 · ~2 min read

Key Changes

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  This is a secondary offering by existing stockholders selling up to 24.1 million shares. Wolfspeed receives zero proceeds from these sales—all proceeds go to the selling stockholders, not to the company's operations or balance sheet.

  Use of Proceeds verify on EDGAR →
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  The registered shares include 3.3 million already-issued shares, 2.0 million shares from Pre-Funded Warrants (exercisable at $0.01), and 18.8 million shares underlying $379 million of 1.5L Convertible Notes issued March 26, 2026.

  Selling Stockholders verify on EDGAR →
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  Renesas Electronics America holds 39.9% of outstanding shares (including convertible notes subject to a beneficial ownership cap), making it by far the largest stockholder with significant influence over corporate decisions.

  Use of Proceeds verify on EDGAR →