SCYNEXIS INC 8-K

What Happened

• SCYNEXIS, Inc. announced via Form 8-K that its stockholders approved an amendment allowing a reverse stock split, and the Board approved a one-for-eight (1:8) reverse split, effective May 29, 2026. The vote took place at a Special Meeting on May 19, 2026; the company filed the Certificate of Amendment with Delaware to effect the split.

Key Details

• Special meeting vote (May 19, 2026): 44,826,378 votes for, 6,708,960 against, 102,965 abstained; 51,638,303 shares were present or represented of 79,442,633 shares entitled to vote.
• Reverse split ratio: 1-for-8; effective date: May 29, 2026; split-adjusted trading begins on Nasdaq on June 1, 2026 under ticker SCYX.
• Authorized shares reduced from 150,000,000 to 18,750,000; par value remains $0.001 per share.
• No fractional shares will be issued—holders entitled to fractional shares will receive a cash payment instead. The split proportionately reduces shares issuable under equity awards and increases exercise prices on options and warrants.

Why It Matters

• The reverse split reduces the number of outstanding and authorized shares, which can raise the per-share trading price and change share counts used for float and market-cap calculations.
• Investors’ percentage ownership will remain proportionate (except for cash-outs of fractional shares), but reported share counts, per-share metrics and the number of shares available under company equity plans will change.
• Trading will reflect the split beginning June 1, 2026 (CUSIP after split: 811292 309), so investors should expect adjusted share quantities and prices in their brokerage accounts after the effective date.