Wolfspeed Files Pro Forma Financials After Plan of Reorganization

What Happened

• Wolfspeed, Inc. filed an 8-K on September 16, 2026 announcing unaudited pro forma consolidated financial information that reflects the company’s prepackaged plan of reorganization (the “Plan”) that became effective on September 29, 2025. The pro forma information also gives effect to Wolfspeed’s adoption of fresh-start accounting on the Plan Effective Date under ASC 852 and the receipt of Regulatory Approvals on January 29, 2026. The pro forma statements of operations cover the year ended June 28, 2026 and are included as Exhibit 99.1.

Key Details

• Plan Effective Date: September 29, 2025.
• Regulatory Approvals: Received on January 29, 2026 (as defined in the Plan).
• Accounting treatment: Company adopted fresh-start accounting on the Plan Effective Date in accordance with ASC 852.
• Exhibit: Unaudited pro forma consolidated statements of operations for the year ended June 28, 2026 attached as Exhibit 99.1 (for informational purposes).

Why It Matters

• The pro forma information shows how Wolfspeed’s results would look after its reorganization and adoption of fresh-start accounting, which can materially affect reported equity, asset values and comparability with prior periods.
• Investors should treat the pro forma figures as informational and unaudited; they may alter interpretation of recent financial performance and make direct comparisons with historical reported results less straightforward.