30 Sep 2025 | 3 Mins Read
Wolfspeed stock surges 1,100% in three days
Flipitmoney
Wolfspeed Inc. shares surged 1,450% after announcing a reorganisation plan, which allows the company to exit bankruptcy protection and reduce debt 70% from $6.5 billion to $2 billion. Shareholders will receive new stock but experience significant dilution, resulting in 3-5% ownership. Trading of old common stock was suspended.