RVX.WT closed today at $1.80, add the $2.05 to convert and you get $3.85
RVX.WT.A closed at $1.00, add the $4.60 to convert and you get $5.60
So anyone buying the warrants today at those prices needs RVX to trade at better than $3.85 and $5.60 respectively in order to make converting worthwhile.
Interstingly perhaps, this is the first time RVX.WT (the $2.05 warrants) has traded since July 3rd. RVX.WT.A (the $4.60 warrants) last traded on July 24, and before that July 17th.