Wolfspeed Reports Financial Obligation
Ticker: WOLF · Form: 8-K · Filed: Mar 4, 2024 · CIK: 895419
| Field | Detail |
|---|---|
| Company | Wolfspeed, INC. (WOLF) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00125, $1 billion, $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, debt
Related Tickers: WOLF
TL;DR
Wolfspeed just filed an 8-K about a new financial obligation - details TBD.
AI Summary
On February 27, 2024, Wolfspeed, Inc. reported a material event related to a direct financial obligation. The filing does not specify the exact nature or amount of the obligation, but it indicates a significant financial commitment or arrangement for the company.
Why It Matters
This filing signals a new financial commitment for Wolfspeed, Inc., which could impact its balance sheet and future financial flexibility.
Risk Assessment
Risk Level: medium — The filing indicates a direct financial obligation, which could represent debt or other significant commitments that carry inherent financial risk.
Key Players & Entities
- WOLFSPEED, INC. (company) — Registrant
- February 27, 2024 (date) — Date of Earliest Event Reported
- North Carolina (location) — State of Incorporation
- 4600 Silicon Drive Durham North Carolina 27703 (address) — Principal executive offices
- 919-407-5300 (phone_number) — Registrant's telephone number
FAQ
What is the specific nature of the direct financial obligation reported by Wolfspeed, Inc.?
The filing does not specify the exact nature of the direct financial obligation, only that it is a material event.
What is the dollar amount associated with this financial obligation?
The filing does not disclose the specific dollar amount of the financial obligation.
When was the earliest event related to this obligation reported?
The earliest event reported was on February 27, 2024.
What is Wolfspeed, Inc.'s state of incorporation?
Wolfspeed, Inc. is incorporated in North Carolina.
What is the address of Wolfspeed, Inc.'s principal executive offices?
The address is 4600 Silicon Drive Durham North Carolina 27703.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 13 · Accepted 2024-03-04 16:01:41
Key Financial Figures
- $0.00125 — ange on which registered Common Stock, $0.00125 par value WOLF New York Stock Exchange
- $1 billion — sit in an aggregate principal amount of $1 billion (the "Initial Funding") and (b) at the
- $500 million — ing in an aggregate principal amount of $500 million based on a request delivered by the Com
Filing Documents
- wolfspeed-20240227.htm (8-K) — 25KB
- 0000895419-24-000030.txt ( ) — 148KB
- wolfspeed-20240227.xsd (EX-101.SCH) — 2KB
- wolfspeed-20240227_lab.xml (EX-101.LAB) — 24KB
- wolfspeed-20240227_pre.xml (EX-101.PRE) — 12KB
- wolfspeed-20240227_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WOLFSPEED, INC. By: /s/ Bradley D. Kohn Bradley D. Kohn Senior Vice President and General Counsel Date: March 4, 2024