Federated Hermes Amends SCYNEXIS Stake, Signals Portfolio Shift

TL;DR

**Federated Hermes just updated its SCYNEXIS stake, watch for potential market reaction.**

AI Summary

Federated Hermes, Inc. filed an amended Schedule 13G/A on January 18, 2024, indicating a change in their beneficial ownership of SCYNEXIS, INC. common stock as of December 31, 2023. This filing, Amendment No. 11, updates their previous disclosures, signaling a potential adjustment in their investment strategy or a rebalancing of their portfolio. For investors, this matters because Federated Hermes is a significant institutional investor, and changes in their holdings can sometimes signal their outlook on the company's future prospects, potentially influencing other investors' decisions.

Why It Matters

This filing shows a major institutional investor, Federated Hermes, has adjusted its position in SCYNEXIS, which could indicate a shift in their confidence or strategy regarding the company.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not inherently signal high risk, but rather a change in ownership percentage.

Analyst Insight

Investors should monitor future filings from Federated Hermes regarding SCYNEXIS to understand their evolving position, as significant changes could influence market sentiment. This specific filing is an update, so the next step is to see the actual percentage change in ownership, which is not detailed in this excerpt.

Key Numbers

• 811292200 — CUSIP Number (identifies the common stock of SCYNEXIS, INC.)
• 0001623632-24-000047 — Accession Number (unique identifier for this specific SEC filing)
• 11 — Amendment Number (indicates this is the eleventh amendment to Federated Hermes' Schedule 13G for SCYNEXIS)

Key Players & Entities

• Federated Hermes, Inc. (company) — the institutional investor filing the SC 13G/A
• SCYNEXIS, INC. (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 18, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 11 (number) — the specific amendment number of the Schedule 13G filing

Forward-Looking Statements

• Federated Hermes will continue to adjust its stake in SCYNEXIS, potentially increasing or decreasing it based on market conditions and company performance. (Federated Hermes, Inc.) — medium confidence, target: Q1 2025

FAQ

Filing Documents

• scyx1577-form.htm (SC 13G/A) — 104KB
• image_001.jpg (GRAPHIC) — 114KB
• image_002.jpg (GRAPHIC) — 116KB
• 0001623632-24-000047.txt ( ) — 423KB

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. A. Federated Hermes, Inc. (a) Amount beneficially owned: 8,094,700 (b) Percent of class: 19.99% (c) Number of shares to which the person has: (i)Sole power to vote or to direct the vote: 8,094,700 (ii)Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or to direct the disposition of: 8,094,700 (iv)Shared power to dispose or to direct the disposition of: 0 B. Voting Shares Irrevocable Trust (a) Amount beneficially owned: 8,094,700 (b) Percent of class: 19.99% (c) Number of shares to which the person has: (i)Sole power to vote or to direct the vote: 8,094,700 (ii)Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or to direct the disposition of: 8,094,700 (iv)Shared power to dispose or to direct the disposition of: 0 C. Thomas R. Donahue (a) Amount beneficially owned: 8,094,700 (b) Percent of class: 19.99% (c) Number of shares to which the person has: (i)Sole power to vote or to direct the vote: 0 (ii)Shared power to vote or to direct the vote: 8,094,700 (iii)Sole power to dispose or to direct the disposition of: 0 (iv)Shared power to dispose or to direct the disposition of: 8,094,700 D. Ann C. Donahue (a) Amount beneficially owned: 8,094,700 (b) Percent of class: 19.99% (c) Number of shares to which the person has: (i)Sole power to vote or to direct the vote: 0 (ii)Shared power to vote or to direct the vote: 8,094,700 (iii)Sole power to dispose or to direct the disposition of: 0 (iv)Shared power to dispose or to direct the disposition of: 8,094,700 E. J. Christopher Donahue (a) Amount beneficially owned: 8,094,700 (b) Percent of class: 19.99% (c) Number of shares to which the person has: (i)Sole power to vote or to direct the vote: 0 (ii)Shared power to vote or to direct

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Instruction: Dissolution of a group requires a response to this item.

Ownership of More than Five Percent on Behalf of Another Person. NOT APPLICABLE

Item 6. Ownership of More than Five 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. See Exhibit “1” Attached

Identification and Classification of Members of the Group: NOT APPLICABLE

Item 8. Identification and Classification of Members of the Group: NOT APPLICABLE

Notice of Dissolution of Group: NOT APPLICABLE

Item 9. Notice of Dissolution of Group: NOT APPLICABLE

Certification

Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b); By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 the purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to §204.13d-1(c): 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. 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. Date: January 17, 2024 By: /s/J. Christopher Donahue Name/Title: J. Christopher Donahue, as President of Federated Hermes, Inc. Date: January 17, 2024 By: /s/Thomas R. Donahue Name/Title Thomas R. Donahue individually and as Trustee of Voting Shares Irrevocable Trust Date: January 17, 2024 By: /s/Ann C. Donahue Name/Title: Ann C. Donahue individually and as Trustee of Voting Shares Irrevocable Trust Date: January 17, 2024 By: /s/J. Christopher Donahue Name/Title J. Christopher Donahue individually and as Trustee of Voting Shares Irrevocable Trust The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a

CLASSIFICATION OF REPORTING PERSONS

ITEM 3 CLASSIFICATION OF REPORTING PERSONS Identity and Classification of Each Reporting Person IDENTITY CLASSIFICATION UNDER ITEM 3 Federated Hermes Equity Funds (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) Federated Hermes Insurance Series (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) Federated Equity Management Company of Pennsylvania (e) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Federated Global Investment Management Corp. (e) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Federated Hermes, Inc. (g) parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) FII Holdings, Inc. (g) parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) Voting Shares Irrevocable Trust (g) parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) Thomas R. Donahue (g) parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) Ann C. Donahue (g) parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) J. Christopher Donahue (g) parent Holding Company or control person, in accordance with Section 240.13d-1(b)(ii)(G) Federated Hermes, Inc. (the “Parent”) is filing this schedule 13G because it is the parent holding company of Federated Equity Management Company of Pennsylvania and Federated Global Investment Management Corp. (the “Investment Advisers”), which act as investment advisers to registered investment companies and separate accounts that own shares of common stock in SCYNEXIS, INC. (the “Reported Securities”). The Investment Advisers are wholly owned subsidiaries of FII Holdings, Inc., which is wholly owned subsidiary of Federated Hermes, Inc., the Par

View Full Filing

View this SC 13G/A filing on SEC EDGAR