SCYNEXIS will reduce its outstanding shares by consolidating stock at an 8-to-1 ratio to meet Nasdaq listing requirements.
SCYNEXIS (Nasdaq: SCYX) will implement a 1-for-8 reverse stock split after market close on May 29, 2026. The move aims to increase the company’s share price and maintain compliance with Nasdaq listing standards.
The split will reduce the number of outstanding shares by consolidating every eight shares into one. Trading on a split-adjusted basis will begin immediately after the effective date. SCYX has not disclosed prior reverse splits in recent years.
No immediate market reaction was reported following the announcement.