debt
confidence high
sentiment neutral
materiality 0.35
Dyadic International amends convertible note terms; conversion price set at $1.40
DYADIC INTERNATIONAL INC
- Conversion price reduced to $1.40 per share under amendment to Senior Secured Convertible Promissory Note due March 8, 2027.
- Redemption date now any of the 26th, 29th, or 32-month anniversaries of the original note issue date.
- Amendment executed October 4, 2024; disclosed via Form 8-K on October 8, 2024.