Skip to main content

Dyadic International Inc. (NASDAQ: DYAI): A Value Play Gaining Investor Attention

Investors are expected to scrutinize stocks that may have been generating attention, Dyadic International Inc. (NASDAQ: DYAI) being one such stock, a value play. 

A company that garnered significant investor attention yesterday saw a 5.80% increase in its stock price by day's end. Trading activity for Dyadic shares reached 51,811, with the average daily volume being 2.5 times the 30-day volume. Additionally, the stock closed above its 50-day moving average, indicating a positive shift in the overall outlook for Dyadic making it a stock to watch in the immediate future. 

The global biotech corporation made headlines on Monday with its announcement of a securities purchase agreement dated March 8, 2024. Under this agreement, the company conducted a private placement, selling and issuing $6 million worth of its 8% Senior Secured Convertible Promissory Notes.  Investors of the notes include family trusts and immediate family members of the company’s Chief Executive Officer and President, Mark Emalfarb. Among these entities was the Francisco Trust, which held over 5% of Dyadic's outstanding common stock. 

The press release highlighted that the convertible notes would constitute obligations of Dyadic and its affiliated entities. Interest accrued on the notes would be disbursed quarterly in cash at an annual rate of 8%. The convertible notes would reach maturity on March 8, 2027, unless earlier repurchased, converted, or redeemed in accordance with the terms. Holders of the convertible notes would also possess the right to convert them into Class A common stock of the company at any point before the maturity date. Keeping an eye on Dyadic's stock might be advisable at this juncture. 

This marked the first financing round for the company since 2006. In 2015, Dyadic sold its industrial business interests to Dupont for $75 million. The proceeds were utilized for share buybacks and to fund the development of Dyadic’s C1 platform. The company repurchased approximately 22 million shares during 2016-17, reflecting its ongoing commitment to enhancing shareholder value.


Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.