Dyadic Under $1 as Investors Eye June Vote
Dyadic International Inc. traded near 72 cents Friday, staying below Nasdaq’s $1 minimum as a shareholder vote on a reverse stock split approaches June 18. The company reported first-quarter revenue of $1.1 million and a net loss of $2 million, with $6.6 million in cash and securities. Dyadic received a Nasdaq deficiency notice in March for negative stockholders’ equity.