DYADIC INTERNATIONAL INC (DYAI) Form 424B3 — Sep 18, 2026
Dyadic International (Nasdaq: DYAI) filed a 424B3 prospectus registering the resale of up to 3,625,000 common shares issuable upon exercise of warrants struck at $0.84 per share, all held by funds managed by Empery Asset Management. The company is not selling any shares and receives no proceeds from the resales; its only cash inflow would come from warrant exercises, which are unlikely near term because the stock last closed at $0.42 on September 17, 2026 — roughly half the $0.84 strike.
Key figures
- Shares Offered
- 3625000
- Shares Outstanding
- 40063703
- Authorized shares
- 100000000
- Warrant exercise price
- 0.84
- Option shares outstanding
- 4952915
- Rsu shares vested and unvested
- 27,500 vested plus 162,182 unvested
- Other outstanding warrant shares
- 3927600
- Convertible note underlying shares
- 4847619
- Empery beneficial ownership shares
- 7135829
- Option weighted avg exercise price
- 2.71
- Shares outstanding before offering
- 40063703
- Warrant purchase price per warrant
- 0.005
- Empery beneficial ownership percent
- 8.76%
- Last reported sale price 2026 09 17
- 0.42
- Shares outstanding after full exercise
- 43688703
- Potential dilution from warrant exercise percent
- 9.0%
AI analysis
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