Dyadic International, Inc. announced the pricing of its underwritten public offering of 6,052,000 shares of common stock at a public offering price of $0.95 per share. This pricing is a key step in the company's capital raising efforts.
The company expects to receive gross proceeds of approximately $5.75 million from this offering. After deducting underwriting discounts, commissions, and estimated offering expenses, the net proceeds are anticipated to be approximately $5.3 million.
The closing of the offering is expected to occur on August 1, 2025, subject to customary closing conditions. Dyadic intends to use the net proceeds for working capital and general corporate purposes, including product development, sales, and marketing.
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