X0202 SCHEDULE 13G 0002050709 XXXXXXXX LIVE Common Stock, par value $0.001 per share 03/31/2026 0001178253 SCYNEXIS INC 811292200 1 EVERTRUST PLAZA 13TH FLOOR JERSEY CITY NJ 07302-6548 Rule 13d-1(c) Squadron Master Fund LP DE 0.00 7608695.00 0.00 7608695.00 7608695.00 9.6 PN Squadron Capital Management LLC DE 0.00 7608695.00 0.00 7608695.00 7608695.00 9.6 IA HC Matthew Sesterhenn X1 0.00 7608695.00 0.00 7608695.00 7608695.00 9.6 HC IN William Blank X1 0.00 7608695.00 0.00 7608695.00 7608695.00 9.6 HC IN SCYNEXIS INC 1 EVERTRUST PLAZA, 13TH FLOOR, JERSEY CITY, NEW JERSEY, 07302-6548. Squadron Master Fund LP Squadron Capital Management, LLC Matthew Sesterhenn William Blank Squadron Master Fund LP c/o Squadron Capital Management, LLC 999 Oakmont Plaza Drive, Suite 600 Westmont, IL 60559 Squadron Capital Management, LLC 999 Oakmont Plaza Drive, Suite 600 Westmont, IL 60559 Matthew Sesterhenn c/o Squadron Capital Management, LLC 999 Oakmont Plaza Drive, Suite 600 Westmont, IL 60559 William Blank c/o Squadron Capital Management, LLC 999 Oakmont Plaza Drive, Suite 600 Westmont, IL 60559 Squadron Master Fund LP - Delaware Squadron Capital Management, LLC - Delaware Matthew Sesterhenn - United States William Blank - United States Y Squadron Capital Management, LLC is an investment adviser that is registered as an Exempt Reporting Adviser with the Securities and Exchange Commission. Squadron Capital Management, LLC, which serves as investment adviser to private funds, including but not limited to Squadron Master Fund LP (collectively, the "Funds"), may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds. Mr. Sesterhenn and Mr. Blank, as Partners of Squadron Capital Management, LLC, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds. Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended, Squadron Capital Management, LLC and Mr. Sesterhenn and Mr. Blank expressly disclaim beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that Squadron Capital Management, LLC or Mr. Sesterhenn and Mr. Blank are the beneficial owner of any of the securities reported herein. Squadron Master Fund LP - 7,608,695 shares Squadron Capital Management, LLC - 7,608,695 shares Matthew Sesterhenn - 7,608,695 shares William Blank - 7,608,695 shares Ownership percentage is based on 79,442,633 shares of common stock outstanding, par value $0.001 per share. Squadron Master Fund LP - 9.6% Squadron Capital Management, LLC - 9.6% Matthew Sesterhenn - 9.6% William Blank - 9.6% Squadron Master Fund LP - 0 Squadron Capital Management, LLC - 0 Matthew Sesterhenn - 0 William Blank - 0 Squadron Master Fund LP - 7,608,695 shares Squadron Capital Management, LLC - 7,608,695 shares Matthew Sesterhenn - 7,608,695 shares William Blank - 7,608,695 shares Squadron Master Fund LP - 0 Squadron Capital Management, LLC - 0 Matthew Sesterhenn - 0 William Blank - 0 Squadron Master Fund LP - 7,608,695 shares Squadron Capital Management, LLC - 7,608,695 shares Matthew Sesterhenn - 7,608,695 shares William Blank - 7,608,695 shares Y N N The Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Statement. N See Notes above. Y Y N 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. Squadron Master Fund LP /s/ Matthew Sesterhenn 04/08/2026 Squadron Capital Management LLC /s/ Matthew Sesterhenn 04/08/2026 Matthew Sesterhenn /s/ Matthew Sesterhenn 04/08/2026 William Blank /s/ William Blank 04/08/2026