On March 26, 2026, Wolfspeed, Inc. issued $379 million in convertible senior secured notes at a 3.5% interest rate, maturing in 2031, and also sold 3.25 million shares at approximately $18.46 each, raising about $96.9 million. This financing will help redeem approximately $475.9 million in existing senior notes and shows a strong cash position of around $1 billion.