DYADIC INTERNATIONAL INC (DYAI) AI Dilution Summary

Cash was $3,113,719 at 2026-06-30 against estimated monthly burn of $606,011. The most recent capital raised was a registered direct offering closed 2026-08-14: 3,625,000 shares at $0.7950 per share for gross proceeds of $2,900,000, with Aegis Capital Corp. as placement agent. Among the financing instruments, dilution here is driven primarily by the 8.0% Senior Secured Convertible Promissory Notes.