Cree Transfers To New York Stock Exchange
Company will continue to trade its common stock on the Nasdaq until the close of the market on October 1, 2021.
Cree, a developer of SiC technology through its Wolfspeed business, will transfer the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Global Select Market.
Cree expects to commence trading as a NYSE-listed company at market open on October 4, 2021 under the new ticker symbol ‘WOLF'.
The company will continue to trade its common stock on the Nasdaq until the close of the market on October 1, 2021. As previously announced, the Company will also change its corporate name from Cree to Wolfspeed effective October 4, 2021.
“We are pleased to join the NYSE, one of the world's most prestigious trading platforms, as we continue on our transformational journey as a pure play global semiconductor powerhouse leading the industry transition from silicon to Silicon Carbide,” said Gregg Lowe, CEO at Cree | Wolfspeed. “Importantly, our company name change to Wolfspeed capitalizes on our 30-year heritage of working with Silicon Carbide and underscores our ambitious plans to compete and win in the rapidly expanding marketplace, which we believe will continue to provide long-term value for our customers and shareholders.”
“We are excited to welcome Cree | Wolfspeed as it transfers its listing to the NYSE,” said John Tuttle, vice chairman and chief commercial officer, NYSE Group. “We look forward to the company joining the NYSE's community of icons and disruptors, and to supporting their efforts to lead the worldwide transition from silicon to SiC.”