Wolfspeed Exits Bankruptcy. Its Stock Is Jumping.

1. Wolfspeed exited Chapter 11 bankruptcy, causing a 23% premarket share rise. 2. Total debt reduced by 70%, lowering annual cash interest by 60%. 3. New shares issued diluted existing shareholders at an exchange ratio of 0.008352. 4. Wolfspeed has maintained ample liquidity for ongoing silicon carbide chip supply. 5. CEO highlights improved financial stability and vertical integration post-restructuring.