FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KITT BARRY M

2. Date of Event Requiring Statement (MM/DD/YYYY)
10/31/2007 

3. Issuer Name and Ticker or Trading Symbol

DYADIC INTERNATIONAL INC [DIL]

(Last)        (First)        (Middle)

C/O THE PINNACLE FUND, L.P., 4965 PRESTON PARK BLVD., SUITE 240

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

PLANO, TX 75093       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.001 per share   1790572   (1) (2) I   (3) (4) By: The Pinnacle Fund, L.P.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to purchase shares of Common Stock     (5) 6/1/2010   Common Stock, par value $0.001 per share   68700   $6.33   I   (3) (4) By: The Pinnacle Fund, L.P.  

Explanation of Responses:
( 1)  The Reporting Persons are filing this Form 3 with respect to that certain Voting Agreement dated as of October 31, 2007 of which The Pinnacle Fund, L.P., a Texas limited partnership ("Pinnacle") is a party (which was filed as an exhibit to the Schedule 13D filed on November 13, 2007 (the "Schedule 13D")). The Reporting Persons may be deemed to have shared power to vote or to direct the vote of the shares of common stock (including shares of common stock issuable upon exercise or conversion of derivative securities exercisable or convertible within 60 days) which are the subject of such Voting Agreement (collectively, the "Subject Shares"). The Subject Shares are described in the Schedule 13D.
( 2)  The Reporting Persons may be deemed to have beneficial ownership over the Subject Shares as a result of the Voting Agreement. Neither the filing of this Form 3 nor any of its contents shall be deemed to constitute an admission by the Reporting Persons that they are the beneficial owners of shares of the Issuer's common stock held by the other parties to the Voting Agreement for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.
( 3)  Barry M. Kitt exercises investment discretion and control over the shares of common stock of the issuer held by Pinnacle. Mr. Kitt may be deemed to be the beneficial owner of the shares of common stock beneficially owned by Pinnacle. Mr. Kitt hereby disclaims beneficial ownership of the shares of common stock reported herein, and this Form 3 shall not be deemed to be an admission that Mr. Kitt is the beneficial owner of the shares of common stock reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.
( 4)  This Form 3 is filed on behalf of Pinnacle and Barry M. Kitt. Pinnacle Advisers, L.P. ("Advisers") is the general partner of Pinnacle. Pinnacle Fund Management, LLC ("Management") is the general partner of Advisers. Mr. Kitt is the sole member of Management. Pinnacle is the direct beneficial owner of 1,790,572 shares of common stock of the Issuer.
( 5)  While the warrants reported on Table II of this Form 3 are exercisable immediately, such warrants are subject to exercise limitations that preclude the holder thereof from utilizing its exercise rights to the extent that it would beneficially own (determined in accordance with Section 13(d) of the Securities Exchange Act of 1934) in excess of 9.999% of the common stock, giving effect to such exercise.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KITT BARRY M
C/O THE PINNACLE FUND, L.P.
4965 PRESTON PARK BLVD., SUITE 240
PLANO, TX 75093

X

PINNACLE FUND L P
4965 PRESTON PARK BLVD., SUITE 240
PLANO, TX 75093

X


Signatures
THE PINNACLE FUND, L.P., By: Pinnacle Advisers, L.P., its general partner, By: Pinnacle Fund Management, LLC, its general partner, By: /s/ Barry M. Kitt, its sole member 11/13/2007
** Signature of Reporting Person Date

/s/ Barry M. Kitt 11/13/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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