Jan 15, 03:34 PM

Wolfspeed Raises $200 Million by Selling 27,793,535 Shares; Stock Rises 31.31% to $6.33 Amid 80% Decline

Wolfspeed, Inc. has successfully completed an at-the-market equity offering, raising approximately $200 million through the sale of 27,793,535 shares of its common stock. This milestone comes as the semiconductor company has faced a decline of 80% over the past year. Following this announcement, Wolfspeed's stock saw a significant increase, closing at $6.33 with a gain of 31.31% on January 15, 2025. The company is also scheduled to announce its fiscal second quarter earnings call on January 29, 2025, which may provide further insights into its financial performance and strategic direction.

#Wolfspeed

Written with ChatGPT (GPT-4o mini).