Dyadic International met Nasdaq’s minimum bid price and capital requirements, avoiding delisting of its common stock.
Dyadic International (DYAI) has regained compliance with Nasdaq Listing Rules 5550(a)(2) and 5550(b), ensuring its common stock remains listed on the Nasdaq Capital Market. The company’s shares fell 6.92% in recent trading.
The compliance follows Nasdaq’s requirements for minimum bid price and capital standards. Dyadic had faced potential delisting if it failed to meet the rules within a specified period. No further action is required to maintain its listing status.
Shares reacted negatively despite the compliance update, reflecting broader market sentiment or company-specific factors.