UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On December 23, 2025, Dyadic International, Inc. (the “Company”) entered into an amendment (the “Amendment”) to the Form of Senior Secured Convertible Promissory Note due March 8, 2027 (the “Convertible Notes”). Pursuant to the Amendment, (i) the Maturity Date (as defined in the Convertible Notes) shall be extended from March 8, 2027 to December 31, 2027, (ii) the conversion price upon which the Convertible Notes will be convertible into shares of the Company’s common stock now is $1.05 per share of common stock, and (iii) except in the case of an Event of Default (as defined in the Convertible Notes), the holders shall no longer have the right to elect to have the Company redeem all, or any part, of the principal amount then remaining under the Convertible Note.
The foregoing description of the Amendment is only a summary of the material terms thereof, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
Description | |
| 4.1 | Amendment to Form of Senior Secured Convertible Promissory Note due March 8, 2027. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 29, 2025
| Dyadic International, Inc. | ||
| By: | /s/ Mark A. Emalfarb | |
| Name: | Mark A. Emalfarb | |
| Title: | Chief Executive Officer | |