Wolfspeed Surges 47.97% on Court-Approved Restructuring $250M Volume Ranks 412th in Market Activity

. 9, , , ranking it 412th in market activity. The rally followed a U.S. bankruptcy court's confirmation of the company's Chapter 11 reorganization plan, paving the way for its exit from bankruptcy protection within weeks. , , .

The court-approved plan transfers ownership of key assets to Renesas and major creditors, . CEO emphasized the restructuring clears the path for operational stability, though challenges remain. The company, a leader in silicon carbide (SiC) chips for EVs and industrial applications, faces ongoing demand volatility and margin pressures despite the debt relief. Analysts note the restructuring provides financial flexibility but does not address underlying market dynamics affecting SiC adoption.

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