Dyadic to seek alternatives

By Lisa Kerner

Charlotte, N.C., Oct. 24 - Dyadic International, Inc. will explore strategic alternatives for the company with the assistance of Gordian Group, LLC.

Alternatives include a possible sale, merger, restructuring, recapitalization, reorganization or other strategic or financial transaction, according to a company news release.

Dyadic said there can be no assurance that any strategic or financial option or transaction will be presented, implemented or consummated.

The Jupiter, Fla., biotechnology company also announced an employment agreement with its chief financial officer Lisa De La Pointe, receipt of a summons claiming violation of federal securities laws and a default notice.

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