T3 Defense is trading at $32.77, down 11.67%, as shares remain volatile after Fugazi Research questioned losses, liquidity, reverse-split plans, and acquisition strategy.

  • The report highlighted $3.6 million in first-quarter revenue against a $26.3 million net loss, plus limited cash runway.
  • No new company-specific announcement was identified for August 11, 2026; broader markets were relatively mixed.