Why Wolfspeed Stock Is Ripping Higher Today
Movers , Jul 01, 2025, BY Adam Eckert

Wolfspeed Inc (NYSE:WOLF) shares are trading higher Tuesday after the company initiated its pre-packed restructuring process, filing for Chapter 11 bankruptcy. What Happened: Wolfspeed said it has taken the next step to implement its previously announced Restructuring Support Agreement with key lenders. Wolfspeed expects to emerge from the process with 70% less debt, representing a reduction of approximately $4.6 billion. The company said the restructuring will help it be better positioned to focus on long-term growth and accelerate its path to profitability. In order to implement the prepackaged plan, Wolfspeed voluntarily filed for Chapter 11 bankruptcy. The company expects to…

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