Wolfspeed (WOLF) Stock Sinks Despite $1.5B Defense Loan Deal

TLDR Wolfspeed stock dropped 16% to $23.99, reaching an intraday low of $23.94. The proposed $1.5 billion defense loan remains conditional, with no confirmed funding date. Government warrants could cover up to 7.5% of Wolfspeed’s fully diluted equity. Wolfspeed registered 58.15 million shares for potential resale, while quarterly revenue declined 24.1%. A broader technology selloff [...]

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