DYADIC INTERNATIONAL INC 8-K

What Happened
Dyadic International, Inc. announced on June 18, 2026 that Nasdaq has initiated delisting proceedings because the company failed to meet Nasdaq Listing Rule 5450(a)(1) (the $1.00 minimum bid price) and also does not meet certain Continued Listing Standards. The company had until June 17, 2026 to regain compliance with the bid price rule and had not met the shareholder equity condition needed for an extension. Dyadic says it will request a hearing before a Nasdaq independent hearings panel, which automatically stays delisting while the hearing is pending.

Key Details

• Nasdaq notified Dyadic on June 18, 2026 of non-compliance with the Bid Price Rule (minimum $1.00 per share).
• Dyadic did not regain compliance by June 17, 2026 and did not meet the $5.0 million shareholders’ equity condition needed for a 180-day extension.
• Nasdaq also cited non-compliance with Listing Rule 5550(b) (Continued Listing Standards). Options include $2.5M shareholders’ equity, $35M market value of listed securities, or $500K net income from continuing operations. Dyadic originally had until Sept 23, 2026 to cure that deficiency.
• The company plans to request a hearing before a Nasdaq panel; the panel can grant an extension through December 15, 2026 as a maximum cure period. Appeals may be available to the Nasdaq Listing and Hearing Review Council.

Why It Matters
A delisting determination could remove Dyadic’s shares from Nasdaq, which would likely reduce liquidity and could hurt the market price and investors’ ability to trade shares. Continued listing is also material to Dyadic’s ability to raise capital and operate. The company has initiated the formal hearing process and may seek to cure the deficiencies or obtain a panel extension, but there is no assurance it will regain compliance. The 8-K also contains standard forward-looking statements about risks, including the company’s ability to meet Nasdaq listing standards.