Core Insights - Shares of Wolfspeed (NYSE: WOLF) increased by 11.1% as of 2:04 p.m. E.T., coinciding with gains in the S&P 500 and Nasdaq Composite [1] - The company successfully exited Chapter 11 protection after negotiating a plan to significantly reduce its debt, although this led to substantial dilution for existing shareholders [1][3] Restructuring Details - The restructuring involved the cancellation and delisting of existing shares, with new stock issued in late September, where existing shareholders received only about 5% of the new shares [3] - Creditors received the majority of the new shares as part of the restructuring process [3] Investment Considerations - Wolfspeed warned investors in a Form 8-K that equity holders might experience significant losses, which has occurred following the restructuring [4] - The dilution of shares is expected to continue, as warrants issued to creditors may be converted into stock and sold to recover investments [5] - Analysts from The Motley Fool Stock Advisor have identified ten stocks they believe are better investment opportunities than Wolfspeed [6]