DYADIC INTERNATIONAL INC (DYAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

High Risk

Significant dilution risk

Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 66.39% of current shares

Recent Dilution: 28.76% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

36M

Potential Supply

24M

Additional shares possible

Splits

None

Past 2 years

Summary

DYAI currently has 36.4M outstanding shares. with significant dilution risk as 24.2M authorized shares could dilute existing holders by 66.4%. The company has significantly diluted shareholders by 28.76% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 13, 2026	10-Q filing \| 36.4M shares outstanding	36M	24M
Mar 25, 2026	10-K filing \| 36.4M shares outstanding	36M	24M
Nov 12, 2025	10-Q filing \| 34.5M shares outstanding	35M	26M
Aug 13, 2025	10-Q filing \| 36.2M shares outstanding	36M	24M
May 14, 2025	10-Q filing \| 30.1M shares outstanding	30M	30M
Mar 26, 2025	S-3 filing: This S-3 filing registers up to 840,384 shares of common stock offered by selling stockholders, issuable upon conversion of Amended Convertible Notes, with the company not receiving any proceeds from the sale. The common stock is listed on The Nasdaq Capital Market under the trading symbol DYAI.	30M	31M
Mar 26, 2025	10-K filing \| 29.8M shares outstanding	30M	31M
Nov 12, 2024	10-Q filing \| 29.6M shares outstanding	30M	30M
Aug 13, 2024	10-Q filing \| 29.5M shares outstanding	29M	30M
May 14, 2024	10-Q filing \| 28.8M shares outstanding	29M	31M
Apr 24, 2024	S-3 filing: This S-3 filing relates to the offer and sale from time to time by the selling stockholders of up to 3,351,954 shares of common stock, which are issuable pursuant to the terms of the 8.0% Senior Secured Convertible Promissory Notes due March 8, 2027.	29M	31M
Mar 28, 2024	10-K filing \| 28.8M shares outstanding	29M	28M
Nov 08, 2023	10-Q filing \| 28.8M shares outstanding	29M	28M
Aug 09, 2023	S-3 filing: Dyadic International, Inc. may offer and sell up to $50,000,000 of common stock.	29M	28M
Aug 09, 2023	10-Q filing \| 28.8M shares outstanding	29M	28M
May 10, 2023	10-Q filing \| 28.8M shares outstanding	29M	0
Mar 29, 2023	10-K filing \| 28.6M shares outstanding	29M	0
Nov 10, 2022	10-Q filing \| 28.5M shares outstanding	28M	0
Aug 10, 2022	10-Q filing \| 28.3M shares outstanding	28M	0
May 12, 2022	10-Q filing \| 28.3M shares outstanding	28M	0
Mar 29, 2022	10-K filing \| 28.2M shares outstanding	28M	0
Nov 10, 2021	10-Q filing \| 28.1M shares outstanding	28M	0
Aug 12, 2021	10-Q filing \| 28.1M shares outstanding	28M	0
May 13, 2021	10-Q filing \| 27.6M shares outstanding	28M	0
Mar 30, 2021	10-K filing \| 27.5M shares outstanding	27M	0
Nov 12, 2020	10-Q filing \| 27.5M shares outstanding	27M	0
Aug 13, 2020	S-3 filing: The offering is for shares of common stock with an aggregate offering price of up to $50,000,000 through an at-the-market offering.	27M	0
Aug 13, 2020	10-Q filing \| 27.5M shares outstanding	27M	0
May 14, 2020	10-Q filing \| 27.5M shares outstanding	27M	0
Mar 30, 2020	10-K filing \| 27.4M shares outstanding	27M	0

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