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It's Official: Wolfspeed Files For Chapter 11 Bankruptcy
WKTV -- As expected, Wolfspeed announced it has filed Chapter 11 bankruptcy. By filing, the company is looking to cut its debt by almost 70 percent which is approximately $4.6 billion. The company, based in North Carolina, has the plant in Marcy, and expects to emerge from bankruptcy in the third quarter of this year.
Wolfspeed Shares Soar After Chapter 11 Bankruptcy Filing
Shares of Wolfspeed climbed after the company filed a prepackaged Chapter 11 bankruptcy to restructure its debt. The stock rose 90% to 76 cents in after-hours trading following the filing on Monday. Shares dropped to 52-week low of 39 cents in the market session and have plunged 94% this year.
Chipmaker Wolfspeed pulls trigger on bankruptcy
Wolfspeed overhauls leadership under new CEO More Wolfspeed layoffs as Trump threatens CHIPS Act More Wolfspeed layoffs as Trump threatens CHIPS Act Durham architecture firm files for bankruptcy Durham architecture firm files for bankruptcy Wolfspeed's high-stakes transformation faces critical juncture Wolfspeed's high-stakes transformation faces critical juncture © 2025 American City Business Journals.
Wolfspeed (WOLF) surged during post-market trading Monday after the silicon carbide company revealed a pre-packaged ...
Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that it has taken the next step to implement its previously announced Restructuring Support Agreement ...
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