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Get filing alertsSCYNEXIS executes 1-for-8 reverse stock split, effective May 29, reducing shares outstanding
Filed May 22, 2026 · Period ending May 19, 2026 · ~1 min read
Key Changes
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Board approved 1-for-8 reverse stock split effective May 29, 2026; every 8 shares automatically convert to 1 share. Stock trades on split-adjusted basis June 1 under ticker SCYX with new CUSIP 811292 309.
Item 5.03 view on EDGAR → -
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Authorized shares reduced from 150 million to 18.75 million, proportionally limiting future dilution capacity unless shareholders approve an increase.
Item 5.03 view on EDGAR → -
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All stock options, restricted stock units, and warrants adjusted proportionally: share counts reduced 8x, exercise prices increased 8x, maintaining same economic value.
Item 5.03 view on EDGAR → -
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Stockholders approved reverse split ratio between 1-for-5 and 1-for-10 at May 19 special meeting; 65% of eligible shares participated. Board selected 1-for-8 ratio.
Item 5.07 verify on EDGAR → -
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Fractional shares will be cashed out rather than issued; shareholders with fewer than 8 shares may be completely liquidated for cash payment.
Item 5.03 view on EDGAR →
Summary
SCYNEXIS is executing a 1-for-8 reverse stock split effective May 29, 2026, following stockholder approval at a special meeting on May 19. The consolidation will reduce outstanding shares by 87.5%, with every 8 existing shares converting into 1 new share.
The stock will trade on a split-adjusted basis starting June 1 under the same ticker symbol SCYX, with shareholders expecting to see the per-share price roughly 8 times higher. Reverse splits are typically implemented to boost share price above exchange minimum listing requirements or improve institutional investor appeal.
The company is also reducing authorized shares from 150 million to 18.75 million, maintaining the same proportional relationship post-split and limiting future dilution unless shareholders approve additional authorized shares. All equity awards and warrants will be adjusted proportionally. Retail investors should monitor whether the split successfully maintains Nasdaq compliance and whether the higher per-share price attracts institutional interest. Watch for any subsequent financing announcements, as reverse splits often precede capital raises once the stock price meets institutional thresholds.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Item 5.07 — Submission of Matters to a Vote of Security Holders filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Approval of an amendment to the amended and restated certificate of incorporation, to implement a reverse stock split of the Company’s common stock, at a ratio ranging from any whole number between 1-for-5 and 1-for-10, with such ratio to be determined at the discretion of the Board of Directors of the Company, and decrease the number of authorized shares.
At a special meeting on May 19, 2026, stockholders voted to approve a reverse stock split at a ratio between 1-for-5 and 1-for-10, with the Board having discretion to select the exact ratio. The proposal also includes a decrease in authorized shares. The vote passed with 44,826,378 shares for, 6,708,960 against, and 102,965 abstaining out of 51,638,303 shares present.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
There were 79,442,633 shares of common stock entitled to vote at the Special Meeting and each share of common stock was entitled to one vote. A total of 51,638,303 shares of common stock were present at the Special Meeting in person or by proxy.
Approximately 65% of eligible shares (51,638,303 out of 79,442,633) participated in the special meeting, indicating reasonable stockholder engagement on the reverse split proposal.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 19, 2026, the Board of Directors of the Company approved the filing with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Amendment”), to effect a one-for-eight (1:8) reverse stock split of its common stock, effective as of May 29, 2026 (the “Reverse Stock Split”).
The Board approved a 1-for-8 reverse stock split, meaning every 8 shares of common stock will automatically convert into 1 share. This consolidation typically aims to increase the per-share price to meet exchange listing requirements or improve marketability. The split becomes effective May 29, 2026.
Added in current filing · verify on EDGAR →
In addition, the Reverse Stock Split will effect a reduction in the number of shares of common stock issuable upon the exercise of stock options, restricted stock units and warrants outstanding immediately prior to the effectiveness of the Amendment with a corresponding increase in the exercise price per share applicable to such stock options and warrants.
All outstanding stock options, restricted stock units, and warrants will be adjusted proportionally: the number of shares issuable will decrease by the 1-for-8 ratio, while exercise prices will increase by 8x. This maintains the same aggregate economic value for holders of these instruments.
Added in current filing · verify on EDGAR →
The Company’s common stock is scheduled to begin trading on the Nasdaq Capital Market on a split-adjusted basis when the market opens on June 1, 2026 under the existing ticker symbol “SCYX”. The new CUSIP number for the common stock following the Reverse Stock Split is 811292 309.
The stock will trade on a split-adjusted basis starting June 1, 2026, under the same ticker symbol SCYX but with a new CUSIP number (811292 309). Investors should expect the per-share price to be approximately 8 times higher on that date, reflecting the consolidation.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
No fractional shares will be issued because of the Reverse Stock Split. Stockholders who would otherwise be entitled to receive a fractional share will receive a cash payment in lieu thereof.
Shareholders who own a number of shares not evenly divisible by 8 will receive cash for any fractional share rather than receiving a partial share. This is standard practice in reverse splits and may result in some very small shareholders being cashed out entirely.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 24, 2026 · How we verify