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-0.0228471001757469 -0.0421792618629174 -0.0579613356766256 -0.0632688927943762 -0.0175746924428822 -0.0474165202108963 -0.05103690685413 -0.0562390158172232
Stock impact report

Wolfspeed Provides Update on Steps to Strengthen Capital Structure

Wolfspeed, Inc. New (WOLF) 
Company Research Source: Business Wire
Announces Receipt of $192 million in Section 48D Cash Tax Refunds from IRSReaffirms Fiscal Third Quarter 2025 Guidance and Current Cash BalanceContinues Active Discussions with Lenders, Including Apollo & RenesasRemains in Dialogue with U.S. Department of Commerce DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced that the Company has received $192.1 million in cash tax refunds from the advanced manufacturing tax credit under Section 48D. Funds include $186.5 million owed to the Company for both fiscal 2023 and fiscal 2024 taxes, as well as accrued interest. This announcement reflects a portion of the approximately $1 billion total Section 48D cash tax refunds that the Company expects to receive. As of the end of the second quarter of fiscal 2025, the Company had accrued a total of $865 million in Section 48D tax credits. The Company expects receipt of more than $600 million in cash tax refunds in fiscal year 2026. Wolfspeed intends to use the tax credit pr Show less Read more
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