Welcome to SCYNEXIS, Inc. 2026 special meeting of stockholders. I would now like to introduce the first presenter, Guy Macdonald.
Good morning. I'm Guy Macdonald. I'm Chairman of the Board of SCYNEXIS. I'm very happy to welcome you to the SCYNEXIS 2026 special stockholders meeting. Joining me today are Dr. David Angulo, our CEO, who also serves on our board, and other members of the board, Dr. Ann F. Hanham and Dr. Steven C. Gilman. The other officers of the company joining us today are Scott Sukenick, our Chief Legal Officer and Corporate Secretary, and Ivor Macleod, our Chief Financial Officer.
Also joining us today is Mike Makovec of the auditing firm Deloitte & Touche. Mr. Sukenick will serve as secretary for the meeting. The meeting will now officially come to order. We will proceed with the formal business of the meeting as set forth in your notice of the meeting and proxy statement. After the formal meeting has been adjourned, we will provide time for general questions. Only validated stockholders may ask questions in the designated field on the web portal. Mr. Sukenick, has a notice of this meeting been sent to all shareholders entitled to vote at this meeting?
Yes.
I'm appointing Scott Sukenick to act as Inspector of Election at this meeting. Mr. Sukenick, will you please report at this time with respect to the existence of a quorum?
Yes. proxies have been received for 51,579,144 of the 79,442,633 shares of common stock outstanding on the record date, which represents approximately 64.9% of the total number of outstanding shares. Since this represents more than a majority of the voting power of all issued and outstanding stock entitled to vote on the record date, a quorum is present for purposes of transacting business.
As proper notice was given and a quorum is present, this special stockholder meeting is now convened. Mr. Sukenick, were there any additional proposals for business properly filed with the company secretary?
No, there were not.
Since no proposals were properly filed in advance of this meeting, the business of this meeting is limited to the one proposal set forth in the proxy.
The time is now 9:33 A.M. Eastern Time on Tuesday, May 19th, 2026. The polls are now open for voting on the matter to be presented. The polls will be closed to voting after we go through the matter to be voted on. Stockholders who have voted via proxy or otherwise and who do not want to change their vote do not need to take any further action.
I will now present the matter to be voted upon. Please note that we will give stockholders an opportunity to ask questions about the proposal to be voted on after the proposal has been presented. The only item of business today is the approval of an amendment to our amended and restated certificate of incorporation to implement a reverse stock split of our common stock at the ratio ranging from any
whole number between one for five and one for 10, inclusive, with such ratio to be determined at the discretion of our board of directors and to decrease the number of authorized shares. If any stockholder has a question regarding the proposal, please submit your question through the web portal. If there are no pending questions about the proposal, Mr. Sukenick, please proceed.
Thank you. There are no questions pending. The polls remain open. Any stockholder who has not yet voted or who wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. We will pause briefly for voting. Okay. Now that everyone has had the opportunity to vote, I declare the polls closed at 9:35 A.M. Eastern Time on May 19th, 2026.
May we have the preliminary results of the voting?
The preliminary report covering the proposal presented at this meeting is as follows: The amendment to SCYNEXIS' amended and restated certificate of incorporation to implement a reverse stock split of our common stock at a ratio ranging from any whole number between one for four and one for 10 inclusive, with such ratio to be determined at the discretion of our board of directors and to decrease the number of authorized shares, is approved. We'll report the final vote results in a Form 8-K to be filed within four business days.
Thank you. There being no further business, this special meeting of the stockholders SCYNEXIS Incorporated is hereby adjourned. We will now respond if questions have been submitted today through the web portal that are germane to the meeting.
There have been no questions submitted.
I understand there are no questions pending. Thank you for attending the SCYNEXIS 2026 special stockholders meeting. Goodbye.
That concludes our meeting today. You may now disconnect.