SCYNEXIS, Inc. Announces 1-for-8 Reverse Stock Split

SCYNEXIS, Inc. held a special meeting on May 19, 2026, where stockholders approved an amendment to the company's certificate of incorporation to implement a reverse stock split. The Board of Directors subsequently approved a 1-for-8 reverse stock split, effective May 29, 2026. This action will convert every 8 shares of common stock into 1 share, reduce the total authorized shares from 150,000,000 to 18,750,000, and adjust equity compensation plans and outstanding options/warrants. Fractional shares will be settled in cash. Trading on a split-adjusted basis under the symbol "SCYX" is expected to commence on June 1, 2026. The company's common stock is par value $0.001 per share.