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

WOLFSPEED, INC. (WOLF)

CIK 895419 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (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$2151M 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-61% 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~19.6 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

2020-08-132026-05-01

Latest: 48.3M shares as of May 1, 2026 (10-Q). 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-Q filed May 7, 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 tagged1.875%
0.25 Convertible Notesnot tagged$750.0Mnot tagged0.25%
1.75 Convertible Notes Due 2026not tagged$575.0Mnot tagged1.75%
Convertible 1.5 Lien Senior Secured Notes Due 2031$379.0M$379.0M$20.143.5%~18.8M sh
New 2 L Convertible Notes$301.1Mnot 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

If every note above converted at its tagged price: ~54.5M new shares on 48.3M 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-Q filed May 7, 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 outstanding48.3MMay 1, 2026
+ Renesas Warrant (if exercised)4.9MJan 31, 2026
+ Pre Funded Warrants (if exercised)2.0MMar 29, 2026
+ 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 estimate109.8M+127.2% 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: $2151.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jun 9, 2026$1379.3M registeredfiling →
S-1Mar 9, 2026$573.3M registeredfiling →
S-1Nov 14, 2025$198.8M registeredfiling →

Last 12 months: 4 executed · 3 registered.

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
UPDATEMar 19, 2026Prospectus update — often a resale registration, not necessarily new capital424B3

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.

Keep going: float checker · offering calendar · short-squeeze screener · full WOLF workspace