Information for Wolfspeed Stockholders Following the Company’s Emergence from Chapter 11

On June 30, 2025, Wolfspeed announced that it had filed for Chapter 11 bankruptcy protection. In connection with the Restructuring Support Agreement and Chapter 11 filing, Wolfspeed disclosed that upon emergence, all previously outstanding shares of Wolfspeed common stock would be canceled and new shares representing 3% to 5% of the reorganized company would be issued to existing shareholders.

On September 29, 2025, Wolfspeed successfully completed its restructuring process and formally emerged from Chapter 11. As disclosed in its earlier communications, old Wolfspeed equity was canceled and new shares were issued upon emergence.

For more information, please see our press releases announcing the Restructuring Support Agreement and Chapter 11 filing and our press release announcing emergence from Chapter 11. The Restructuring Support Agreement is available here. Additional details regarding our emergence from Chapter 11 can be found in our Form 8-K filed with the SEC.