Wolfspeed Surges to 472nd in Trading Volume as Creditors Offer $600 Million Lifeline

On May 13, 2025, Wolfspeed (WOLF) saw a significant surge in trading volume, with a total of $229 million in shares exchanged, marking a 127.52% increase from the previous day. This surge placed Wolfspeed at the 472nd position in terms of trading volume for the day. The stock price of Wolfspeed rose by 15.87%, marking the second consecutive day of gains, with a total increase of 17.99% over the past two days.

Wolfspeed, a strategically important US chipmaker, is facing financial challenges. Junior creditors have stepped in to offer rescue financing, aiming to prevent the company from potential bankruptcy. This move comes as Wolfspeed struggles with significant debt and a convertible bond maturing in 2026. The proposed financing would provide approximately $600 million to refinance a large convertible bond, offering a lifeline to the company.

Investment firm Moelis is reportedly involved in discussions regarding a possible debt restructuring for Wolfspeed. This involvement suggests that the company is exploring various options to manage its financial obligations and stabilize its position in the market. The discussions with creditors and potential restructuring efforts indicate that Wolfspeed is actively seeking solutions to address its financial difficulties.