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Get filing alertsSCYNEXIS executes 1-for-8 reverse stock split, cuts authorized shares to 18.75M
Filed May 29, 2026 · Period ending May 28, 2026 · ~1 min read
Key Changes
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Company implemented a 1-for-8 reverse stock split effective May 29, 2026, consolidating every eight shares into one. Shareholders' proportional ownership remains unchanged, but share count decreases while per-share price increases proportionally.
Item 5.03 verify on EDGAR → -
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Authorized shares reduced from 150 million to 18.75 million, maintaining the same ratio of authorized-to-outstanding shares post-split. This limits the company's ability to issue new shares without further shareholder approval.
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Stock begins trading on split-adjusted basis June 1, 2026 under existing ticker SCYX with new CUSIP 811292 309. Expect share price to reflect 8x consolidation when market opens.
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All stock options, restricted stock units, and warrants adjusted proportionally with 1-for-8 reduction in shares issuable and corresponding 8x increase in exercise prices to maintain economic value.
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Fractional shares resulting from the split will be paid out in cash rather than issued as partial shares, a standard administrative practice.
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Summary
SCYNEXIS executed a 1-for-8 reverse stock split effective May 29, 2026, consolidating its outstanding shares and simultaneously reducing authorized shares from 150 million to 18.75 million. Reverse splits are typically implemented to boost per-share price, often to maintain compliance with exchange listing requirements or improve institutional investor appeal.
While shareholders retain the same proportional ownership and economic value, the move signals potential prior share price weakness. For retail investors, the key impact is mechanical: if you owned 800 shares at $2 before the split, you now own 100 shares at approximately $16. Your total investment value remains the same. The stock will trade on the new basis starting June 1, 2026.
Watch the share price behavior in the days following the split—reverse splits sometimes face selling pressure as the novelty wears off, though fundamentals remain the primary driver of long-term value. The reduction in authorized shares also limits management's ability to issue new equity without returning to shareholders for approval.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
SCYNEXIS filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation.
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Certificate of Amendment to Amended and Restated Certificate of Incorporation of the Registrant.
The company filed an amendment to its certificate of incorporation.1. Amendments can range from routine administrative changes to material alterations of shareholder rights, authorized shares, or corporate structure.
Event · Item 5.03 — Amendments to Articles of Incorporation or Bylaws
Item 5.03 — Amendments to Articles of Incorporation or Bylaws filed; see Key Changes for terms.
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. Investors should expect the share price to reflect the 8x consolidation when trading resumes, though their proportional ownership remains unchanged.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
No fractional shares were 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 held a number of shares not evenly divisible by eight will receive cash for any fractional share rather than receiving a partial share. This is standard practice in reverse splits to avoid administrative complexity of tracking fractional ownership.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 29, 2026 · How we verify