Wolfspeed $200 million at-the-market offering
The shares are listed on the New York Stock Exchange
Davis Polk advised the agents in connection with an SEC-registered at-the-market offering by Wolfspeed, Inc. of shares of its common stock for up to a maximum offering price of $200 million. The shares of common stock are listed on the New York Stock Exchange under the symbol “WOLF.”
Wolfspeed, Inc., headquartered in Durham, North Carolina, is an innovator of wide bandgap semiconductors, focused on silicon carbide materials and devices for power applications. Its product families include power devices and silicon carbide and gallium nitride materials. Its products are targeted for various applications such as electric vehicles, fast charging and renewable energy and storage.
The Davis Polk capital markets team included partner Derek Dostal and associates Logan Crossley and Tomisin Ogunsanya. The tax team included counsel Yixuan Long and associates Kelsey Nelson and Georgianna Eck. All members of the Davis Polk team are based in the New York office.