Dyadic International prices 6.05M shares at 95c in underwritten public offering

Dyadic International (DYAI) announced the pricing of its previously announced underwritten public offering of 6,052,000 shares of common stock at a public offering price of $0.95 per share. The Company expects the gross proceeds from this offering to be approximately $5.75 million, before deducting the underwriting discount and other offering expenses. Closing of the offering is expected to occur on August 1, 2025, subject to customary closing conditions. Craig-Hallum Capital Group LLC is acting as the sole managing underwriter for the offering. Dyadic intends to use the net proceeds from the offering for working capital and general corporate purposes, such as product development, sales and marketing.