Dyadic International receives Nasdaq delisting notice for minimum bid price violation
On June 18, 2026, Dyadic International received notification from Nasdaq that the exchange has initiated a delisting process due to the company's failure to maintain a minimum bid price of $1.00 per share under Nasdaq Listing Rule 5450(a)(1). The company failed to regain compliance by the June 17, 2026 deadline and did not meet the equity threshold of $5 million required for an extension. The notification also cited a separate deficiency under Nasdaq Listing Rule 5550(b) for failing to meet minimum continued listing standards. Dyadic plans to request a hearing before an independent Nasdaq panel, which will automatically stay delisting action pending a written decision; the maximum compliance period runs through December 15, 2026.
Key facts
- Notification received June 18, 2026 from Nasdaq
- Failure to maintain minimum bid price of $1.00 per share under Nasdaq Listing Rule 5450(a)(1)
- Initial 180-calendar-day cure period ended June 17, 2026
- Company had shareholders equity below $5 million as of June 17, 2026
- Separate deficiency under Nasdaq Listing Rule 5550(b): failed to meet $2.5 million shareholders equity, $35 million market value of listed securities, or $500,000 net income from continuing operations
- Company initially had until September 23, 2026 to cure Continued Listing Standards deficiency
- Maximum compliance period extended by Panel discretion runs through December 15, 2026
- Hearing request before independent Nasdaq panel automatically stays suspension or delisting action
Why it matters
Dyadic faces potential delisting from Nasdaq unless it cures dual compliance deficiencies within six months, which could severely impair the company's ability to raise capital and continue operations.
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Derived from 8-K filed 2026-06-18. Not investment advice. View the source filing on SEC.gov →