Wolfspeed plans to file for Chapter 11 bankruptcy to reorganize debt, positive.

From Nasdaq: 2025-06-22 22:11:00

Wolfspeed Inc. plans to file for Chapter 11 bankruptcy in the near future to reorganize its debt. The company expects to emerge from this process by the end of the third quarter of 2025. Wolfspeed has entered into a Restructuring Support Agreement with key lenders to reduce its overall debt by approximately 70% and lower annual cash interest payments by about 60%. This move is aimed at strengthening the company’s financial position for the future.



Read more at Nasdaq: Wolfspeed Set To File For Chapter 11 Bankruptcy In Prepackaged Deal