Wolfspeed Files Pro Forma Financials Reflecting Bankruptcy Reorganization and Fresh Start Accounting
WOLF has more than doubled off its 52-week low of $1.2 on light trading volume (0.4× avg).
Summary
Wolfspeed filed pro forma financials showing a $665.9 million net loss for fiscal 2026 and detailing the share issuance and equity reclassifications from its bankruptcy reorganization.
Key Events · Financing and Capital Events · WOLF
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Pro Forma Net Loss of $665.9M
Unaudited pro forma consolidated statement of operations for fiscal 2026 shows a net loss of $665.9 million, or $14.44 per share, on revenue of $665.1 million.
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43.6M New Shares Issued
The reorganization resulted in issuance of approximately 43,564,315 shares of New Common Stock, including 16,852,372 shares to Renesas and 24,533,760 shares to Convertible Notes claimholders.
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Liability-to-Equity Reclassifications
Upon receipt of Regulatory Approvals on January 29, 2026, the company reclassified $292.1 million Forward Equity Contract, $87.9 million embedded conversion feature, and $31.5 million Renesas Warrants from liability to equity.
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Enterprise Value Set at $2.6B
Fresh start accounting estimated enterprise value at $2,600 million, with reorganization value of $3,838.1 million and total stockholders' equity of $757.1 million as of the Plan Effective Date.
Analysis · WOLF · Manufacturing
Wolfspeed disclosed unaudited pro forma financials that quantify the full impact of its September 2025 prepackaged bankruptcy reorganization and fresh start accounting. The pro forma statement shows a net loss of $665.9 million for fiscal 2026, or $14.44 per share, on revenue of $665.1 million. The filing also reveals the company issued approximately 43.6 million shares of new common stock to creditors and Renesas, and reclassified over $400 million in liability-classified instruments to equity upon receipt of regulatory approvals in January 2026. This gives investors their first consolidated view of the post-reorganization capital structure and operating performance, which is critical for evaluating the company's financial health following its emergence from Chapter 11.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WOLF was trading at $24.22 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $1.20 to $80.82. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.