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RODRIGY

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- RODRIGYRODRIGY
  ·10-01
  Not sure what's going with my shares with the old wolfspeed. Feel like scammed😥
  Wolfspeed Cancels Its Old Stock And Issues New Shares As Part Of Restructuring Plan
  $Wolfspeed(WOLF)$ canceled its previously issued and outstanding shares on Monday as part of a bid to slash debt and exit bankruptcy.The semiconductor company noted in a Form 8-$K(TKKD.SI)$ filed...
  Wolfspeed Cancels Its Old Stock And Issues New Shares As Part Of Restructuring Plan
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Feel like scammed😥","listText":"Not sure what's going with my shares with the old wolfspeed. Feel like scammed😥","text":"Not sure what's going with my shares with the old wolfspeed. Feel like scammed😥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/484519090889112","repostId":"2571357793","repostType":2,"repost":{"id":"2571357793","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1759197295,"share":"https://ttm.financial/m/news/2571357793?lang=en_US&edition=fundamental","pubTime":"2025-09-30 09:54","market":"us","language":"en","title":"Wolfspeed Cancels Its Old Stock And Issues New Shares As Part Of Restructuring Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2571357793","media":"Dow Jones","summary":"$Wolfspeed(WOLF)$ canceled its previously issued and outstanding shares on Monday as part of a bid to slash debt and exit bankruptcy.The semiconductor company noted in a Form 8-$K(TKKD.SI)$ filed...","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/WOLF\">Wolfspeed</a> canceled its previously issued and outstanding shares on Monday as part of a bid to slash debt and exit bankruptcy.</p><p>The semiconductor company noted in a Form 8-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> filed with the Securities and Exchange Commission that existing shareholders received their pro rata share of 1.3 million shares of common stock at an exchange ratio of 0.008352(roughly 1 new for 120 old).</p><p>The company issued new shares without changing its ticker symbol. As of Monday, Wolfspeed had a new float of roughly 25.84 million. This compares to a previous 156.48 million shares for the old listing.</p><p>The New York Stock Exchange confirmed the change in a notice last week, writing that the common stock issued by Wolfspeed was part of a new security offering that would begin trading under the ticker WOLF on Sept. 29.</p><p>Trading was paused due to volatility midday. Wolfspeed shares closed at $22.1 on Monday.</p><p>The NYSE will delist Wolfspeed&#39;s old common stock effective Oct. 10, according to an SEC filing. For now, trading of the old stock has been suspended.</p><p>The development came as the company shifted its incorporation to <a href=\"https://laohu8.com/S/VMM\">Delaware</a> from North Carolina as part of a continuing restructuring plan.</p><p>Wolfspeed said in June that it had signed a deal with creditors to cut around $4.6 billion in debt and slash total cash interest payments by 60%. 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As of Monday, Wolfspeed had a new float of roughly 25.84 million. This compares to a previous 156.48 million shares for the old listing.</p><p>The New York Stock Exchange confirmed the change in a notice last week, writing that the common stock issued by Wolfspeed was part of a new security offering that would begin trading under the ticker WOLF on Sept. 29.</p><p>Trading was paused due to volatility midday. Wolfspeed shares closed at $22.1 on Monday.</p><p>The NYSE will delist Wolfspeed&#39;s old common stock effective Oct. 10, according to an SEC filing. For now, trading of the old stock has been suspended.</p><p>The development came as the company shifted its incorporation to <a href=\"https://laohu8.com/S/VMM\">Delaware</a> from North Carolina as part of a continuing restructuring plan.</p><p>Wolfspeed said in June that it had signed a deal with creditors to cut around $4.6 billion in debt and slash total cash interest payments by 60%. Days later, the company formally filed for Chapter 11 bankruptcy.</p><p>Earlier this month, the company said its Chapter 11 reorganization plan had been approved in court, and that it planned to exit bankruptcy in the coming weeks.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4141":"半导体产品","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU0056508442.USD":"贝莱德世界科技基金A2","WOLF":"Wolfspeed Inc.","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU1861215975.USD":"贝莱德新一代科技基金 A2"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2571357793","content_text":"Wolfspeed canceled its previously issued and outstanding shares on Monday as part of a bid to slash debt and exit bankruptcy.The semiconductor company noted in a Form 8-K filed with the Securities and Exchange Commission that existing shareholders received their pro rata share of 1.3 million shares of common stock at an exchange ratio of 0.008352(roughly 1 new for 120 old).The company issued new shares without changing its ticker symbol. As of Monday, Wolfspeed had a new float of roughly 25.84 million. This compares to a previous 156.48 million shares for the old listing.The New York Stock Exchange confirmed the change in a notice last week, writing that the common stock issued by Wolfspeed was part of a new security offering that would begin trading under the ticker WOLF on Sept. 29.Trading was paused due to volatility midday. Wolfspeed shares closed at $22.1 on Monday.The NYSE will delist Wolfspeed's old common stock effective Oct. 10, according to an SEC filing. For now, trading of the old stock has been suspended.The development came as the company shifted its incorporation to Delaware from North Carolina as part of a continuing restructuring plan.Wolfspeed said in June that it had signed a deal with creditors to cut around $4.6 billion in debt and slash total cash interest payments by 60%. Days later, the company formally filed for Chapter 11 bankruptcy.Earlier this month, the company said its Chapter 11 reorganization plan had been approved in court, and that it planned to exit bankruptcy in the coming weeks.","news_type":1,"symbols_score_info":{"WOLF":0.9}},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}