10:28 AM EST, 01/30/2026 (MT Newswires) -- Wolfspeed ( WOLF ) said Friday the Committee on Foreign Investment in the US has approved its equity issuance to Renesas' US subsidiary, completing a major part of its restructuring deal with its lender group to back its Chapter 11 bankruptcy process.

Tokyo-based Renesas, a pre-petition creditor of Wolfspeed ( WOLF ), agreed to convert its unsecured loan into a mix of equity and secured convertible debt as part of the restructuring plan, Wolfspeed ( WOLF ) said, adding Renesas will get a seat on Wolfspeed's ( WOLF ) board.

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