Dyadic International Receives Nasdaq Delisting Notice Due to Bid Price and Equity Deficiencies

On June 18, 2026, Dyadic International, Inc. received a notification from Nasdaq initiating a process to delist the company's common stock. The delisting is primarily due to Dyadic's failure to comply with the Minimum Bid Price Rule, which requires a minimum share price of $1.00. The company failed to regain compliance during the initial 180-day grace period ending June 17, 2026, and did not qualify for an additional extension because its shareholders' equity fell below the $5 million requirement. Additionally, Nasdaq cited Dyadic's failure to meet Continued Listing Standards, which require at least $2.5 million in shareholders' equity, $35 million in market value, or $500,000 in net income. In response, Dyadic intends to request a hearing before an independent Nasdaq hearings panel, which will stay the delisting process until a written decision is issued. The company may seek an extension through December 15, 2026, to regain compliance. However, there is no guarantee that the panel will grant an extension or that the company will successfully meet the listing requirements.