SCYNEXIS, Inc. ownership disclosure: CVI Investments, Inc. and Heights Capital Management, Inc. report beneficial ownership of 3,956,319 shares, representing 6.2% of the common stock. The reported holdings consist of 2,086,960 Shares plus Shares issuable upon exercise of warrants; certain Warrants are exercisable only to the extent they do not cause holdings to exceed 4.99% or 9.99%. Shares outstanding were 62,051,330 as of March 31, 2026. Heights Capital serves as investment manager to CVI and may exercise voting and dispositive power over the reported Shares.
Positive
None.
Negative
None.
Insights
Institutional stake disclosed: 3,956,319 shares (6.2% of class).
The filing shows an institutional investor group reporting combined beneficial ownership of 3,956,319 shares, equal to 6.2% of the outstanding common stock as of March 31, 2026. The position includes 2,086,960 issued shares plus warrants that create potential additional economic exposure subject to exercise limits tied to 4.99% and 9.99% ownership caps.
Key dependencies include the exercise mechanics and any aggregation rules under Section 13(d); subsequent filings may clarify how many Warrants are currently exercisable once ownership thresholds are applied.
Disclosure reflects manager-client relationship and limited power of attorney.
The statement attributes voting and dispositive power to Heights Capital Management, Inc. as investment manager to CVI Investments, Inc., and references a previously filed Limited Power of Attorney. Each reporting person disclaims beneficial ownership except for pecuniary interest, consistent with aggregated disclosure practice.
Investors should note the explicit exercise limits tied to ownership caps; the filing anchors percent calculations to March 31, 2026, matching the reported shares outstanding.
Key Figures
Beneficial ownership:3,956,319 sharesPercent of class:6.2%Issued shares component:2,086,960 shares+2 more
5 metrics
Beneficial ownership3,956,319 sharesCombined holdings reported by CVI Investments and Heights Capital
Percent of class6.2%Percent of common stock based on shares outstanding as of March 31, 2026
Issued shares component2,086,960 sharesReported issued Shares included in the beneficial ownership total
Shares outstanding62,051,330 sharesShares outstanding as of March 31, 2026 per Form 10-Q
Warrant exercise caps4.99% and 9.99%Limits that restrict exercisability of portions of the Warrants
Key Terms
Beneficially owned, Warrants, Limited Power of Attorney, Shared Voting Power
4 terms
Beneficially ownedregulatory
"The number of Shares reported as beneficially owned consists of (i) 2,086,960 Shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Warrantsfinancial
"Shares issuable upon the exercise of warrants to purchase Shares (the "Warrants")."
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Limited Power of Attorneylegal
"Heights Capital Management, Inc. serves as authorized agent of CVI Investments, Inc. pursuant to a Limited Power of Attorney"
Shared Voting Powerregulatory
"Shared Voting Power 3,956,319.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
What stake does CVI Investments report in SCYNEXIS (SCYX)?
CVI Investments and its manager report beneficial ownership of 3,956,319 shares, equal to 6.2% of common stock. This figure combines 2,086,960 issued shares plus shares issuable upon exercise of Warrants, with exercise limits tied to ownership caps.
How many SCYNEXIS shares were outstanding as of March 31, 2026?
The filing cites 62,051,330 shares outstanding as of March 31, 2026. The percent ownership calculation for the reporting persons is anchored to this outstanding share count in the disclosure.
Do the reported Warrants allow immediate exercise into all disclosed shares?
No. The filing states that portions of the Warrants are not exercisable to the extent exercise would cause holdings to exceed 4.99% or 9.99%, so exercisability is conditional on those ownership thresholds.
Who holds voting and dispositive power over the reported shares?
Heights Capital Management, Inc. serves as investment manager to CVI Investments, Inc. and "may exercise voting and dispositive power" over the shares; Heights also signed the filing under a previously filed Limited Power of Attorney.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
SCYNEXIS, Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
811292200
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
811292200
1
Names of Reporting Persons
CVI Investments, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,956,319.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,956,319.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,956,319.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With respect to Row 6 and Row 8 above, Heights Capital Management, Inc. is the investment manager to CVI Investments, Inc. and as such may exercise voting and dispositive power over the shares reported as beneficially owned by CVI Investments, Inc. herein.
SCHEDULE 13G
CUSIP Number(s):
811292200
1
Names of Reporting Persons
Heights Capital Management, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,956,319.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,956,319.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,956,319.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: With respect to Row 6 and Row 8 above, Heights Capital Management, Inc. is the investment manager to CVI Investments, Inc. and as such may exercise voting and dispositive power over the shares reported as beneficially owned by CVI Investments, Inc. herein.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SCYNEXIS, Inc.
(b)
Address of issuer's principal executive offices:
1 Evertrust Plaza, 13th Floor, Jersey City, NJ 07302-6548
Item 2.
(a)
Name of person filing:
This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons," with respect to the shares of common stock of SCYNEXIS, Inc. (the "Company"), $0.001 par value per share (the "Shares").
(i) CVI Investments, Inc.
(ii) Heights Capital Management, Inc.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of CVI Investments, Inc. is:
P.O. Box 309GT
Ugland House
South Church Street
George Town
Grand Cayman
KY1-1104
Cayman Islands
The address of the principal business office of Heights Capital Management, Inc. is:
101 California Street, Suite 3250
San Francisco, California 94111
(c)
Citizenship:
Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)
Title of class of securities:
Common Stock, $0.001 par value per share
(e)
CUSIP No.:
811292200
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
The number of Shares reported as beneficially owned consists of (i) 2,086,960 Shares and (ii) Shares issuable upon the exercise of warrants to purchase Shares (the "Warrants"). A portion of the Warrants are not exercisable to the extent that the total number of Shares then beneficially owned by a Reporting Person and its affiliates and any other persons whose beneficial ownership of Shares would be aggregated with such Reporting Person for purposes of Section 13(d) of the Exchange Act, would exceed 4.99%, and the remainder of the Warrants are not exercisable to the extent that the total number of Shares then beneficially owned by a Reporting Person and its affiliates and any other persons whose beneficial ownership of Shares would be aggregated with such Reporting Person for purposes of Section 13(d) of the Exchange Act, would exceed 9.99%.
The Company's Quarterly Report on Form 10-Q, filed on May 11, 2026, indicates there were 62,051,330 Shares outstanding as of March 31, 2026.
(b)
Percent of class:
6.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Heights Capital Management, Inc., which serves as the investment manager to CVI Investments, Inc., may be deemed to be the beneficial owner of all Shares owned by CVI Investments, Inc. Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares, except for their pecuniary interest therein.
(iii) Sole power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Heights Capital Management, Inc., which serves as the investment manager to CVI Investments, Inc., may be deemed to be the beneficial owner of all Shares owned by CVI Investments, Inc. Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares, except for their pecuniary interest therein.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
CVI Investments, Inc.
Signature:
/s/ Sarah Travis
Name/Title:
Sarah Travis, Assistant General Counsel and Assistant Secretary of Heights Capital Management, Inc.
Date:
05/13/2026
Heights Capital Management, Inc.
Signature:
/s/ Sarah Travis
Name/Title:
Sarah Travis, Assistant General Counsel and Assistant Secretary
Date:
05/13/2026
Comments accompanying signature: Heights Capital Management, Inc. serves as authorized agent of CVI Investments, Inc. pursuant to a Limited Power of Attorney, a copy of which was previously filed.
Exhibit Information
EXHIBIT INDEX
EXHIBIT DESCRIPTION
24 Limited Power of Attorney*
99 Joint Filing Agreement*
* Previously filed
