Dilution profile // every instrument, one screen, from SEC filings

WOLFSPEED, INC. (WOLF)

CIK 895419 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$3338M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW-58% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
MEDIUM~18.4 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-10-232026-08-13

Latest: 53.0M shares as of Aug 13, 2026 (10-K).

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2026-08-13
HowThe newest cover-page count as filed. It is used as the current count only while it is no more than about 15 months older than the company’s newest periodic filing; the float checker applies a 200-day rule and sets it beside the balance-sheet count.
Open the source document →
Share count fell from 156.5M to 25.9M between Aug 20, 2025 and Oct 31, 2025, a pattern consistent with a reverse split (roughly 1-for-6); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Renesas Warrant4.9M$23.95——
Pre Funded Warrants2.0M$0.01——

Tranches exactly as the company dimensioned them in its 10-K filed Aug 20, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
1.875 Convertible Notes Due 2029not tagged$1.75Bnot tagged——
Convertible Notes Due 2029$1.52B—$118.88—~12.8M sh
0.25 Convertible Notesnot tagged$750.0Mnot tagged0.25%—
Convertible Notes Due 2028$650.0M—$127.22—~5.1M sh
1.75 Convertible Notes Due 2026not tagged$575.0Mnot tagged1.75%—
Convertible Notes Due May 12026 Excluding Over Allotment Option$500.0M—not tagged——
Convertible 1.5 Lien Senior Secured Notes Due 2031$379.0M$379.0M$20.143.5%~18.8M sh
New 2 L Convertible Notes$301.1M—not tagged——
New 2 L Non Renesas Convertible Notes$301.1M$331.4M$12.232.5%~24.6M sh
New 2 L Non Convertible Notes$296.4M$296.4Mnot tagged——
New 2 L Renesas Convertible Notes$203.6M$203.6M$18.352.5%~11.1M sh
Convertible Notes Due May 12026 Over Allotment Option$75.0M—not tagged——

If every note above converted at its tagged price: ~72.5M new shares on 53.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-K filed Aug 20, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding53.0MAug 13, 2026
+ Renesas Warrant (if exercised)4.9MJan 29, 2026
+ Pre Funded Warrants (if exercised)2.0MJun 28, 2026
+ Convertible Notes Due 2029 (if fully converted)12.8MNov 21, 2022
+ Convertible Notes Due 2028 (if fully converted)5.1MFeb 3, 2022
+ Convertible 1.5 Lien Senior Secured Notes Due 2031 (if fully converted)18.8MMar 26, 2026
+ New 2 L Non Renesas Convertible Notes (if fully converted)24.6MSep 29, 2025
+ New 2 L Renesas Convertible Notes (if fully converted)11.1MSep 29, 2025
Fully diluted estimate132.4M+149.9% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $3338.3Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRSep 17, 2026$1385.7M registeredfiling →
S-1Jun 9, 2026$1379.3M registeredfiling →
S-1Mar 9, 2026$573.3M registeredfiling →

Last 12 months: 3 executed · 4 registered.

REGISTEREDSep 17, 2026Automatic shelf registration — effective immediately (large filers)S-3ASR →
UPDATEJun 18, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEJun 18, 2026SEC declared a registration effective — selling can beginEFFECT →
UPDATEJun 9, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEJun 9, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
REGISTEREDJun 9, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
UPDATEMay 7, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMay 7, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDMar 26, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATEMar 26, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEMar 26, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDMar 19, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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