Wolfspeed announces subscriptions for $379m of convertible notes and $96.9m of common stock and pre-funded warrants

Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has entered into separate, privately negotiated subscription agreements with investors pursuant to which it will place (i) $379m of its 3.5% convertible 1.5 lien senior secured notes due 2031 and (ii) 3,250,030 shares of common stock at a purchase price of $18.458 per share, and pre-funded warrants to purchase up to 2,000,000 shares of common stock at a price of $18.448 per pre-funded warrant. The issuance and sale of the notes, shares and fre-Funded warrants is expected to settle on 26 March, subject to customary closing conditions. Funds managed by new and existing investors participated in these private placements...Weiter zum vollständigen Artikel bei Semiconductor Today Weiter zum vollständigen Artikel bei Semiconductor Today