Dyadic International Inc (DYAI)

[blue_skies]

Paulee,
Got any thoughts on this? From an 8K released yesterday.

Sorrento Therapeutics, Inc. (“Sorrento”) and Dyadic International (USA), Inc. (“Dyadic”) have not executed the License Agreement within the forty-five business day time period set forth in the Term Sheet For Intellectual Property License Agreement by and between Sorrento and Dyadic, dated August 10, 2021 (the “Term Sheet”). The parties are continuing to discuss and negotiate certain matters relating to certain provisions of the License Agreement. Unless and until the open matters are resolved, Dyadic can give no guidance if or when the License Agreement will be executed. In the interim, other activities, including technology transfer to Sorrento relating to DYAI-100 and C1, will continue under the provisions of the Term Sheet, which is binding on both parties and which continues until the execution of the License Agreement.