Dyadic International, Inc. announced the commencement of an underwritten public offering of shares of its common stock. The offering is subject to market and other conditions, with no assurance as to its completion, size, or terms at the time of the announcement.
The company intends to use the net proceeds from this proposed offering for working capital and general corporate purposes. These purposes include product development, sales, and marketing initiatives.
Craig-Hallum Capital Group LLC is acting as the sole managing underwriter for the offering. The securities are being offered pursuant to an effective shelf registration statement on Form S-3.
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