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US Department of Defense promises up to $1.5 billion in conditional loans to bankrupt Wolfspeed

Bloomberg ·

WOLF
WOLF Wolfspeed Inc
$31.37 -1.45%
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  1. 1The US Department of Defense has promised up to $1.5 billion in conditional loans to Wolfspeed, which filed for bankruptcy in July 2025.
  2. 2Wolfspeed received a 30-year term sheet offering up to 7.5% in stock for warrant exercise.
  3. 3Wolfspeed shares rose 25% in after-hours trading on Wednesday, trading at $39.22.

So what's the key point?

The US Department of Defense decided to lend up to $1.5 billion to Wolfspeed, which filed for bankruptcy. Following this news, the stock price rose by 25%, drawing market attention.

Source Bloomberg · View original ↗

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