JUPITER, Fla.--(BUSINESS WIRE)--Dyadic International, Inc. (AMEX:DIL), a biotechnology company, announced today that it has closed the previously announced private placement with institutional investors of 2,787,000 shares of common stock and warrants to purchase up to 557,400 shares of common stock for gross proceeds of $13,043,160. The warrants will become exercisable on the 181st day from issuance, expire three years thereafter, have an exercise price of $6.33 per share and will be callable by the Company under certain circumstances. Cowen and Company, LLC, acted as the exclusive placement agent for the offering.
