Wolfspeed Provides Update on Steps to Strengthen Capital Structure
Portfolio Pulse from
Wolfspeed has received $192.1 million in cash tax refunds under Section 48D, with expectations of over $600 million in fiscal year 2026. The company plans to use these funds to strengthen its capital structure and reaffirms its business outlook for the third quarter of fiscal 2025, including revenue guidance of $170-$200 million and continued focus on operational simplifications.
March 28, 2025 | 4:45 pm
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POSITIVE IMPACT
Tax refund of $192.1M provides financial flexibility and supports capital structure improvements for the semiconductor technology company.
The substantial tax refund provides Wolfspeed with additional liquidity, potentially improving investor sentiment and supporting strategic initiatives in semiconductor technology.
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