Form 8-K
8-K — DYADIC INTERNATIONAL INC
Accession: 0001493152-26-013405
Filed: 2026-03-30
Period: 2026-03-27
CIK: 0001213809
SIC: 2836 (BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES))
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
March 27, 2026
Dyadic International, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-32513
45-0486747
(State or other jurisdiction
of incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
1044 North U.S. Highway One, Suite 201
Jupiter, FL 33477
(Address of principal executive offices and zip code)
(561) 743-8333
(Registrant’s telephone number, including area
code)
N/A
(Former Name or Former Address, if Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.001 per share
DYAI
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
(a)
On
March 27, 2026, Dyadic International, Inc. (the “Company” or “Dyadic”) received a deficiency notice (the “Notice”)
from the Nasdaq Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying
the Company that it is out of compliance with the technical minimum requirements for continued listing under Nasdaq Listing Rule 5550(b)
(the “Continued Listing Requirement”). The Continued Listing Requirement requires the Company to maintain at least one of
the following: $2.5 million in stockholders’ equity; $35 million in market value of listed securities; or $500,000 of net income
from continuing operations. The Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital
Market. In accordance with Nasdaq rules, the Company has 45 calendar days, or until May 11, 2026, to submit a plan to regain compliance
with any of the three minimum requirements under the Continued Listing Requirement. If the plan is accepted, the Company may be eligible
for a cure period of up to 180 days from March 27, 2026 (September 23, 2026) to regain compliance. If the plan is not accepted, the Company
may appeal the determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq listing rules. There can
be no assurance that, if the Company decides to appeal the determination by Nasdaq to the panel, such appeal would be successful.
The
Company intends to actively monitor its compliance with the Continued Listing Requirement an ongoing basis and, as appropriate, plans
to evaluate available options to resolve the deficiency and regain compliance (likely through the $2.5 million in stockholders’
equity requirement).
As
previously disclosed, the Company also remains out of compliance with the minimum bid price of $1.00 required by the continued listing
requirements of Nasdaq Listing Rule 5550(a)(2), and has until June 17, 2026 to regain compliance with such requirement. The Continued
Listing Requirement deficiency discussed in the Notice is a separate and unrelated deficiency, and either deficiency, if not cured by
the applicable deadline, could be a basis for the delisting of the Company’s common stock.
Safe
Harbor Regarding Forward-Looking Statements
This
current report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, including those regarding Dyadic International’s expectations,
intentions, strategies, and beliefs pertaining to future events or future financial performance, such as the success of our clinical
trial and interest in our protein production platforms, our research projects and third-party collaborations, as well as the availability
of necessary funding. Forward-looking statements generally can be identified by use of the words “expect,” “should,”
intend,” anticipate,” “will,” “project,” “may,” “might,” “potential,”
or “continue” or other similar terms or variations of them. Forward-looking statements involve many risks, uncertainties
or other factors beyond Dyadic’s control. These factors include, but are not limited to, the following: (i) our history of net
losses; (ii) market and regulatory acceptance of our microbial protein production platforms and other technologies; (iii) failure
to commercialize our microbial protein production platforms or our other technologies; (iv) competition, including from alternative technologies;
(v) the results of nonclinical studies and clinical trials; (vi) our capital needs; (vii) changes in global economic and financial
conditions; (viii) our reliance on information technology; (ix) our dependence on third parties; (x) government regulations
and environmental, social and governance issues; (xi) intellectual property risks; and (xii) our ability to comply with the listing
standards of the Nasdaq. For a more complete description of the risks that could cause our actual results to differ from our current
expectations, please see the section entitled “Risk Factors” in Dyadic’s annual reports on Form 10-K and quarterly
reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time
to time in Dyadic’s periodic filings with the SEC, which are accessible on the SEC’s website and at www.dyadic.com. All forward-looking
statements speak only as of the date made, and except as required by applicable law, Dyadic assumes no obligation to publicly update
any such forward-looking statements for any reason after the date of this press release to conform these statements to actual results
or to changes in our expectations.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
March 27, 2026
Dyadic
International, Inc.
By:
/s/
Ping Rawson
Name:
Ping
Rawson
Title:
Chief
Financial Officer
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