Dear Wolfspeed Stock Fans, Mark Your Calendars for September 29

Core Viewpoint - Wolfspeed (WOLF) is shifting its incorporation from North Carolina to Delaware by September 29 as part of a broader restructuring effort while operating under Chapter 11 bankruptcy protection [1][4]. Company Developments - The relocation to Delaware is expected to streamline governance and legal flexibility, particularly during bankruptcy proceedings, as Delaware's corporate laws are favorable for restructuring and attracting future investment [3]. - Although the move signals an intent to stabilize operations and potentially emerge leaner, it does not directly resolve Wolfspeed's financial challenges [4][5]. Financial Performance - WOLF shares have declined approximately 60% from their one-month high set on September 16 [2]. - The company is still navigating bankruptcy court with no confirmed path to profitability, and its core business faces significant competition and capital intensity [5][6]. Market Sentiment - Despite the challenges, Wall Street analysts forecast significant upside potential for WOLF stock over the next 12 months [8]. - The incorporation shift may enhance the company's attractiveness to institutional capital and strategic partners post-restructuring, potentially boosting shareholder value [4].