Replies to post #669 on WolfSpeed (formerly CREE) (WOLF)

[Pisd]

We'll first it's halted..(oops now streaming) but I think the ticker remains valid until October 4th on NASDAQ a Saturday, then opens up on NYSE on Monday.

Meanwhile I previously thought .25 cents was fair price to jump in, and had a buy order there.

I think the r/s means they will keep the ticker? ie: I think if you bought it today you'd be good.

"..announced that it will transfer the listing of its common stock to the New York Stock Exchange (“NYSE”) from The Nasdaq Global Select Market

Trying to take a bite under $25, gl

[rbtree]

That's good to know. Where did you find that info? (I never owned any shares. Thursday, Idid sell the few calls I'd held for a few days at a loss of 80%--only a 85$ loss)

[rbtree]

So 5%? I'm too lazy to do the math on the below excerpt from the 8-K

In accordance with the Plan, on September 29, 2025, all of the previously issued and outstanding shares of Wolfspeed’s common stock were cancelled, and existing common stockholders received their pro rata share of 1,306,903 shares of Wolfspeed’s common stock at an exchange ratio of 0.008352. If certain regulatory milestones are achieved prior to the Regulatory Trigger Deadline (as defined in the Plan), existing common stockholders will also receive their pro rata share of an additional 871,287 shares of Wolfspeed’s common stock at an exchange ratio of 0.005568. Therefore, if such regulatory milestones are achieved prior to the Regulatory Trigger Deadline, existing common stockholders will receive their pro rata share of 2,178,190 shares of Wolfspeed’s common stock in the aggregate, representing a consolidated exchange ratio of 0.013920. If the Regulatory Trigger Deadline occurs, then the existing common stockholders will not receive any of the contingent shares.