Dyadic International Enters Material Definitive Agreement

TL;DR

Dyadic International signed a big deal on Oct 4th. Details TBD.

AI Summary

Dyadic International, Inc. announced on October 4, 2024, that it entered into a material definitive agreement. The company, incorporated in Delaware, is involved in biological products. Further details regarding the agreement and its financial implications are not provided in this filing.

Why It Matters

Entering into a material definitive agreement is a significant event that could impact Dyadic International's business operations, strategic direction, and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which suggests significant business activity, but lacks specific details, creating uncertainty.

Key Players & Entities

• Dyadic International, Inc. (company) — Registrant
• October 4, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 1044 North U.S. Highway One, Suite 201 Jupiter, FL 33477 (address) — Principal executive offices
• 561-743-8333 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock , par value $0.001 per share DYAI The Nasdaq Stock Mark
• $1.40 — es of the Company's common stock now is $1.40 per share of common stock, and (ii) the

Filing Documents

• dyai20241006_8k.htm (8-K) — 23KB
• ex_730110.htm (EX-4.1) — 11KB
• 0001437749-24-030893.txt ( ) — 166KB
• dyai-20241004.xsd (EX-101.SCH) — 3KB
• dyai-20241004_def.xml (EX-101.DEF) — 11KB
• dyai-20241004_lab.xml (EX-101.LAB) — 15KB
• dyai-20241004_pre.xml (EX-101.PRE) — 11KB
• dyai20241006_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 4, 2024, Dyadic International, Inc. (the "Company") entered into an amendment (the "Amendment") to the Form of Senior Secured Convertible Promissory Note due March 8, 2027 (the "Convertible Notes"). Pursuant to the Amendment, (i) the conversion price upon which the Convertible Notes will be convertible into shares of the Company's common stock now is $1.40 per share of common stock, and (ii) the Redemption Date (as defined in the Amendment) will fall on any of the 26, 29 and 32month anniversaries of the original issue date of the Convertible Notes. The foregoing description of the Amendment is only a summary of the material terms thereof, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 4.1 Amendment to Form of Senior Secured Convertible Promissory Note due March 8, 2027. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 8, 2024 Dyadic International, Inc. By: /s/ Mark A. Emalfarb Name: Mark A. Emalfarb Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR