Wolfspeed Reportedly Prepping Bankruptcy Filing After Snubbing Debt Deals, Buckling Under $6.5 Billion Burden—Stock Plunges Over 60%

benzinga.com/markets/25/05/45534429/wolfspeed-reportedly-prepping-bankruptcy-filing-after-snubbing-debt-deals-buckling-under-6-5-billion-burd

Silicon carbide component manufacturer Wolfspeed Inc. (NYSE:WOLF) is preparing to file for prepackaged Chapter 11 bankruptcy protection in the coming weeks.
What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly…

This story appeared on benzinga.com, 2025-05-21 03:05:09.
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