DURHAM – Cree, Inc. (Nasdaq: CREE) will transfer the listing of the company’s common stock to the New York Stock Exchange (“NYSE”) from The Nasdaq Global Select Market in early October.
According to a company statement, when the markets open on October 4, 2021, the company’s common stock will be traded under new ticker symbol WOLF, and the company will also officially change its corporate name from Cree, Inc. to Wolfspeed, Inc. on that date.
The company announced it would change its name in January.
In his own words: CEO discloses why he’s changing Cree’s name to Wolfspeed
“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 in a statement this week. “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.”
The company will also host an investor day at the New York Stock Exchange on November 17, 2021, it announced.
