-
Wolfspeed Reportedly Prepping Bankruptcy Filing After Snubbing Debt Deals, Buckling Under $6.5 Billion Burden—Stock Plunges Over 60%
Tuesday, May 20, 2025 - 11:04pm | 729Silicon carbide component manufacturer Wolfspeed Inc. (NYSE:WOLF) is preparing to file for prepackaged Chapter 11 bankruptcy protection in the coming weeks. What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly...