SCYNEXIS (SCYX) Proxy filing summary

Executive summary

• A special meeting is scheduled for May 19, 2026, to vote on a reverse stock split and reduction of authorized shares.

• The reverse stock split ratio will be between 1-for-5 and 1-for-10, at the Board's discretion.

• The proposal aims to help maintain compliance with Nasdaq's minimum bid price requirement and avoid delisting.

• The Board recommends voting in favor of the proposal.

Voting matters and shareholder proposals

• Only one proposal is up for vote: amending the Certificate of Incorporation to effect a reverse stock split and reduce authorized shares.

• The Board has discretion to determine the exact split ratio and timing.

• Approval requires a majority of votes cast; abstentions and broker non-votes have no effect.

• The proposal is considered a routine matter, so brokers may vote uninstructed shares.

• No other matters are expected at the meeting.

Board of directors and corporate governance

• The Board retains authority to implement or abandon the reverse stock split after shareholder approval.

• Board discretion allows flexibility to respond to market conditions and Nasdaq requirements.