StocksMediumUpdated•Originally published 7 October 2026•Updated 8 October 2026•
1 min read
Wolfspeed Shares Jump 11% as U.S. Department of War Gains 7.5% Equity Warrant
Key Facts
1Wolfspeed announced it received a conditional loan commitment letter for up to $1.5 billion in long-term financing from the U.S. Department of War.
Wolfspeed shares rose 11% in Thursday morning trading on October 8, 2026. The surge followed the disclosure that the U.S. Department of War would receive warrants to purchase up to 7.5% of the company's fully diluted equity as part of a $1.5 billion loan agreement.
WOLF was trading at $35.33 on October 8, 2026, moving above the October 6 session range of $31.37 to $34.5. The 30-year conditional commitment from the Office of Strategic Capital is designed to support silicon carbide production and secure the domestic supply chain for power devices used in national security applications.