Institutional holder Federated Hermes reports 5,116,598 shares (11.26%) in SCYNEXIS
Rhea-AI Filing Summary
Federated Hermes, Inc. and related Reporting Persons report beneficial ownership of 5,116,598 shares of Scynexis Inc. common stock, representing
Positive
- Material institutional ownership: Federated Hermes holds 5,116,598 shares representing
11.26% , which can provide investor oversight and stewardship - Clean intent statement: The filing explicitly states holdings were acquired in the ordinary course and not to change or influence control
Negative
- None.
Insights
An institutional holder reports an 11.26% stake, a material ownership level for investors.
The filing shows Federated Hermes, Inc. and the Voting Shares Irrevocable Trust collectively hold 5,116,598 shares, equal to
The statement that shares are held in the ordinary course of business and not for control purposes reduces governance-change signaling, but the >5% position remains material to shareholders. Watch for any follow-up amendments, changes in percentage, or schedule filings that would indicate active engagement or additional accumulation within the next few reporting periods.
A single institutional holder plus an associated trust holding >10% can influence governance outcomes indirectly.
The report lists voting arrangements where Federated Hermes reports sole voting and dispositive power while related individuals report shared powers over the same 5,116,598 shares. This structure is commonly used to centralize stewardship decisions while fulfilling reporting rules.
Because the filing explicitly disclaims intent to change control, immediate governance action is not claimed. Investors should monitor proxy season filings and any investor communications for potential voting recommendations or nominee activity over the next 6–12 months.