WOLFSPEED, INC. 8-K

What Happened Wolfspeed, Inc. (WOLF) filed an 8-K reporting that, following receipt of all regulatory approvals including CFIUS clearance, it issued 16,852,372 shares of common stock to Renesas on January 29, 2026 in connection with its court‑approved prepackaged restructuring. Holders of Wolfspeed common stock immediately before the Plan Effective Date also received a pro rata distribution of 871,287 shares. The share issuances are exempt from registration under Section 1145 of the Bankruptcy Code. Wolfspeed also announced the appointment of Aris Bolisay as Renesas’s designee to Wolfspeed’s board, effective February 2, 2026.

Key Details

• 16,852,372 shares of Wolfspeed common stock issued to Renesas (issued Jan 29, 2026).
• 871,287 shares distributed pro rata to pre‑Plan common stock holders.
• Warrant covering 4,943,555 shares issued to Renesas became exercisable upon CFIUS clearance.
• 2.5% Convertible Second‑Lien Senior Secured Notes due 2031 issued to Renesas became convertible upon clearance.
• Aris Bolisay appointed to Wolfspeed’s board as Renesas’s designee, effective Feb 2, 2026; eligible for standard director compensation and indemnification.

Why It Matters This filing documents completion of a key step in Wolfspeed’s court‑approved restructuring: regulatory clearance triggered the equity issuance to Renesas and unlocked related securities (warrants and convertible notes). For investors, these actions change Wolfspeed’s ownership mix and governance (a Renesas board designee) and make additional Renesas rights (warrant exercise and note conversion) active — all material to share count and potential future dilution. The transactions were completed under bankruptcy plan provisions and were exempt from registration under Section 1145.