VTIX is trading at $6.00 (-9.91%) in pre-market, extending recent declines as the stock tracks a broader market sell-off and hits a key warrant exercise level.
- The move follows Q3 earnings and a going concern warning, which has overshadowed a bullish analyst note released on March 6.
- Broader markets are under pressure with S&P 500 futures down 1.07% as oil prices surge past $100/bbl amid escalating Middle East tensions.
- The current price level aligns with a temporary $6.00 warrant exercise price available through March 11.