Dyadic International, Inc. Secures $2.9 Million Through Registered Direct Offering and Concurrent Private Placement
Dyadic International priced a registered direct offering and concurrent private placement expected to generate aggregate gross proceeds of approximately $2.9 million. The transaction involves the sale of 3,625,000 shares of common stock at $0.795 per share and warrants to purchase 3,625,000 shares at an exercise price of $0.84. The company intends to use the net proceeds for general corporate purposes and working capital, with Aegis Capital Corp.
Key figures
- Deal Value Usd
- $2.9 million
- Offering Price
- 0.795
- Shares Offered
- 3625000
- Warrant price
- 0.005
- Warrants offered
- 3625000
- Warrant exercise price
- 0.84
AI analysis
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