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Wolfspeed Provides Update on Steps to Strengthen Capital Structure

1. Wolfspeed receives $192.1 million in cash tax refunds from Section 48D. 2. The total expected cash tax refunds amount to approximately $1 billion.

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FAQ

Why Bullish?

Receiving significant tax refunds boosts liquidity and financial health. Historical examples include companies experiencing stock price increases after similar financial windfalls.

How important is it?

The tax refunds significantly enhance Wolfspeed's cash position, impacting investor sentiment and financial strategy.

Why Short Term?

The immediate cash influx can influence operational investments and stock performance. Previous instances show markets react positively to unexpected cash boosts within a quarter.

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NVDATSLAAAPL
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced that the Company has received $192.1 million in cash tax refunds from the advanced manufacturing tax credit under Section 48D. Funds include $186.5 million owed to the Company for both fiscal 2023 and fiscal 2024 taxes, as well as accrued interest. This announcement reflects a portion of the approximately $1 billion total Section 48D cash tax refunds that the Company expects to receive. As of the end of the second quart.

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