other material
confidence high
sentiment neutral
materiality 0.45
SCYNEXIS stockholders approve 1-for-8 reverse stock split; effective May 29
SCYNEXIS INC
- Reverse stock split approved at 1:8 ratio; authorized shares reduced from 150M to 18.75M.
- Special meeting results: 44.8 million votes for, 6.7 million against, 0.1 million abstained.
- Effective May 29, 2026; trading on Nasdaq on split-adjusted basis starts June 1, 2026.
- No fractional shares issued; cash payment in lieu for fractional interests.
- New CUSIP 811292 309; ticker symbol SCYX unchanged.