DelistingJun 18, 2026, 10:06 AM
Dyadic International faces Nasdaq delisting over bid price, equity rules
AI Summary
Dyadic International received a notification from Nasdaq initiating a delisting process due to non-compliance with the minimum bid price rule ($1.00 per share) and continued listing standards. The company failed to regain compliance by June 17, 2026, and did not meet the conditions for an extension, including having at least $5 million in shareholders' equity. Dyadic plans to request a hearing before a Nasdaq panel, which will temporarily stay any delisting action, and may seek an extension to cure the deficiencies.
Key Highlights
- Dyadic International received a Nasdaq delisting notification on June 18, 2026.
- The company failed to comply with Nasdaq Listing Rule 5450(a)(1), requiring a $1.00 minimum bid price.
- Dyadic did not regain compliance by the June 17, 2026 deadline.
- The company also failed to meet the $5 million shareholders' equity requirement for a Bid Price Rule extension.
- Nasdaq cited non-compliance with Listing Rule 5550(b) (Continued Listing Standards) as an additional basis for delisting.
- Continued Listing Standards require $2.5 million in shareholders' equity, $35 million in market value, or $500,000 net income.
- Dyadic plans to request a hearing before a Nasdaq panel, which automatically stays any delisting action.
- The company may seek an extension from the panel to regain compliance by December 15, 2026.
Price Impact
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