SCYNEXIS raises ~$40M in private placement; extends cash runway into mid-2029

SCYNEXIS INC

Gross proceeds of ~$40M from sale of 34.75M shares and 8.75M pre-funded warrants at $0.92 per unit; up to $52.2M additional if warrants exercised.
Common warrants exercisable at $1.20 per share, subject to stockholder approval; expire 5 years or 30 days after Week 48 data for SCY-770 in ADPKD.
CEO David Angulo purchased 108,695 shares and warrants; proceeds to be used for working capital and general corporate purposes.
Cash runway extended into mid-2029 based on current plans, including anticipated net proceeds from the private placement.

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SCYNEXIS INC entered into Securities Purchase Agreement with certain new and existing institutional and accredited investors valued at approximately $40.0 million (effective 2026-03-30).

Action: entry
Agreement: equity purchase
Counterparty: certain new and existing institutional and accredited investors
Value: approximately $40.0 million
Effective: 2026-03-30

Exact text from the filing

On March 30, 2026, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain new and existing institutional and accredited investors (the “Investors”)

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299 material agreements filed in the last 30 days. Browse all material agreements →

SCYNEXIS INC filing history →

Source: SEC EDGAR

accession 0001193125-26-133259

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