07:32 AM EDT, 05/21/2025 (MT Newswires) -- Wolfspeed ( WOLF ) shares were down 61% pre-bell Wednesday following a media report that the company is preparing to file for bankruptcy in the coming weeks after failing to restructure its $6.50 billion debt.

Siyata Mobile ( SYTA ) stock was 24% lower, paring Tuesday's rally.

NeurAxis (NRXS) shares were down more than 20% after the company said it has agreed to sell roughly $5 million of common shares in a registered direct offering.

VF Corp. ( VFC ) stock was down 12% after the company reported lower fiscal Q4 revenue.