No matter why SCYNEXIS, Inc.(SCYX) shares dropped in the after-market hours

SCYNEXIS, Inc.(NASDAQ: SCYX) stock dropped -17.19% to $6.09 in the post-market session after the Nasdaq-listed company, confirmed that it has commenced a public offering of warrants to purchase a share of SCYNEXIS common stock, including pre-funded warrants to purchase common stock in lieu of shares for certain purchasers. Shares of common stock and warrants in the offering will be sold by SCYNEXIS. The offering is contingent upon market conditions, and no assurance can be made regarding its actual size or terms.

The book-running manager for the offering is Cantor Fitzgerald & Co. Guggenheim Securities, LLC is also acting as joint book-runner for the offering. The offering will be managed by National Securities Corporation, a wholly-owned subsidiary of National Holdings, Inc.