Wolfspeed exits Chapter 11, adopts fresh-start accounting under reorganization plan

• Wolfspeed’s prepackaged reorganization plan took effect Sept. 29, 2025, triggering fresh start accounting under ASC 852.
• Regulatory approvals were secured Jan. 29, 2026, clearing Renesas equity issuance and shifting several instruments from liability to equity.
• 16,852,372 Renesas Base Consideration Shares were issued, extinguishing a $292.1 million Forward Equity Contract and increasing equity.
• Renesas Warrants were reclassified to equity at $31.5 million; the New Renesas 2L Convertible Notes conversion feature shifted at $87.9 million.
• $10 million of escrowed contingent cash was recognized in non-operating income when approvals arrived; total New Common Stock issued was 43,564,315.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wolfspeed Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-393237), on September 16, 2026, and is solely responsible for the information contained therein.