Wolfspeed Inc of Durham, NC, USA — which makes silicon carbide (SiC) materials and power semiconductor devices — has entered into separate, privately negotiated subscription agreements with investors pursuant to which it will place (i) $379m of its 3.5% convertible 1.5 lien senior secured notes due 2031 and (ii) 3,250,030 shares of common stock at a purchase price of $18.458 per share, and pre-funded warrants to purchase up to 2,000,000 shares of common stock at a price of $18.448 per pre-funded warrant. The issuance and sale of the notes, shares and fre-Funded warrants is expected to settle on 26 March, subject to customary closing conditions. Funds managed by new and existing investors participated in these private placements...
Source: https://www.semiconductor-today.com/new ... 0326.shtml