0001062993-17-000058.txt : 20170106 0001062993-17-000058.hdr.sgml : 20170106 20170106164633 ACCESSION NUMBER: 0001062993-17-000058 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170106 DATE AS OF CHANGE: 20170106 GROUP MEMBERS: PINNACLE FAMILY OFFICE INVESTMENTS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DYADIC INTERNATIONAL INC CENTRAL INDEX KEY: 0001213809 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 450486747 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80718 FILM NUMBER: 17514768 BUSINESS ADDRESS: STREET 1: 140 INTRACOASTAL POINTE DRIVE STREET 2: SUITE 404 CITY: JUPITER STATE: FL ZIP: 33477 BUSINESS PHONE: 561-743-8333 MAIL ADDRESS: STREET 1: 140 INTRACOASTAL POINTE DRIVE STREET 2: SUITE 404 CITY: JUPITER STATE: FL ZIP: 33477 FORMER COMPANY: FORMER CONFORMED NAME: CCP WORLDWIDE INC DATE OF NAME CHANGE: 20030110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KITT BARRY M CENTRAL INDEX KEY: 0001165244 FILING VALUES: FORM TYPE: SC 13G/A SC 13G/A 1 sched13ga.htm SCHEDULE 13G/A Pinnacle Family Office Investments, L.P. - Schedule 13G/A - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

(Amendment No. 2)*

Dyadic International, Inc.
(Name of Issuer)

Common Stock, par value $0.001 per share
(Title of Class of Securities)

26745T101
(CUSIP Number)

December 31, 2016
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[   ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[   ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


SCHEDULE 13G

CUSIP NO. 26745T101 Page 2 of 6



1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

Pinnacle Family Office Investments, L.P., a Texas limited partnership
27-1405464
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a) [   ]
                                                                                                                               (b) [X]
   
3 SEC USE ONLY
   
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
NUMBER OF   SOLE VOTING POWER
  5  
SHARES   4,423,020 shares of Common Stock
    SHARED VOTING POWER
BENEFICIALLY 6  
    0
OWNED BY EACH   SOLE DISPOSITIVE POWER
  7  
REPORTING   4,423,020 shares of Common Stock
    SHARED DISPOSITIVE POWER
PERSON WITH 8  
    0
   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9  
  4,423,020 shares of Common Stock
  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [   ]
10  
   
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11  
  12.9% (See Item 4)
   
  TYPE OF REPORTING PERSON
12  
  PN


SCHEDULE 13G

CUSIP NO. 26745T101 Page 3 of 6

  NAMES OF REPORTING PERSONS
   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)  
1  
  Barry M. Kitt
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP        (a) [   ]
                                                                                                                             (b) [X]
   
3 SEC USE ONLY
   
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
NUMBER OF   SOLE VOTING POWER
  5  
SHARES   4,423,020 shares of Common Stock
    SHARED VOTING POWER
BENEFICIALLY 6  
    0
OWNED BY EACH   SOLE DISPOSITIVE POWER
  7  
REPORTING   4,423,020 shares of Common Stock
    SHARED DISPOSITIVE POWER
PERSON WITH 8  
    0
  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
  4,423,020 shares of Common Stock
  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [   ]
10
   
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11  
  12.9% (See Item 4)
  TYPE OF REPORTING PERSON
12  
  IN


SCHEDULE 13G

CUSIP NO. 26745T101 Page 4 of 6

Item 1(a). Name of Issuer:
   
  Dyadic International, Inc. (the "Issuer")
 

 

Item 1(b).

Address of Issuer's Principal Executive Offices:

 

 

 

140 Intracoastal Pointe Drive, Suite 404

 

Jupiter, Florida 33477

 

 

Items 2(a),  
(b) and (c).

Name of Persons Filing, Address of Principal Business Office and Citizenship:

 

 

This Amendment No. 2 to Schedule 13G is being filed on behalf of Pinnacle Family Office Investments, L.P. and Barry M. Kitt, as joint filers (collectively, the "Reporting Persons").

 

 

The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Amendment No. 2 to Schedule 13G as Exhibit 1, pursuant to which the Reporting Persons have agreed to file this Amendment No. 2 to Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended.

 

 

The principal business office of the Reporting Persons is 5910 North Central Expressway, Suite 1475, Dallas, TX 75206. For citizenship, see Item 4 of each cover page.

 

 

Item 2(d).

Title of Class of Securities:

 

 

 

Common Stock, par value $0.001 per share (the "Common Stock")

 

 

Item 2(e).

CUSIP Number:

 

 

 

26745T101

 

 

Item 3.

Not applicable

 

 

Item 4.

Ownership.


  (a)

Amount beneficially owned:

     
 

4,423,020 shares of Common Stock*

     
  (b)

Percent of class:

     
 

Based on 34,170,060 shares of Common Stock of the Issuer outstanding as of October 26, 2016, and the cashless exercise on December 30, 2016 of warrants beneficially owned by the Reporting Person into 59,430 shares of the Issuer’s Common Stock, the Reporting Persons hold approximately 12.9%* of the issued and outstanding Common Stock of the Issuer.



SCHEDULE 13G

CUSIP NO. 26745T101 Page 5 of 6

  (c)

Number of shares to which such person has:

       
  (i)

Sole power to vote or direct the vote: 4,423,020 shares of Common Stock*

       
  (ii)

Shared power to vote or direct the vote: 0

       
  (iii)

Sole power to dispose or to direct the disposition of: 4,423,020 shares of Common Stock*

       
  (iv)

Shared power to dispose of or direct the disposition of: 0


*This statement is filed on behalf of Pinnacle Family Office Investments, L.P. (“Pinnacle”) and Barry M. Kitt. Pinnacle Family Office, LLC (“Pinnacle Family”) is the general partner of Pinnacle. Mr. Kitt is the manager of Pinnacle Family. Mr. Kitt may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Pinnacle. Mr. Kitt expressly disclaims beneficial ownership of all shares of Common Stock beneficially owned by Pinnacle.

 

 

Item 5.

Ownership of Five Percent or Less of a Class.

 

 

 

Not applicable

 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

 

 

Not applicable

 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company.

 

 

 

Not applicable

 

 

Item 8.

Identification and Classification of Members of the Group.

 

 

 

Not applicable

 

 

Item 9.

Notice of Dissolution of a Group.

 

 

 

Not applicable

 

 

Item 10.

Certification.

 

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.



SCHEDULE 13G

CUSIP NO. 26745T101 Page 6 of 6

SIGNATURE

            After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 6, 2017

PINNACLE FAMILY OFFICE
INVESTMENTS, L.P.
By: Pinnacle Family Office, LLC, its general
partner

  By:     /s/ Barry M. Kitt
    Barry M. Kitt, its manager
     
     
    /s/ Barry M. Kitt
    Barry M. Kitt


SCHEDULE 13G

CUSIP NO. 55414P108

Exhibit 1

JOINT FILING AGREEMENT

            In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to 4,423,020 shares of Common Stock of Dyadic International, Inc. and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.

            The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate.

            IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on January 6, 2017.

PINNACLE FAMILY OFFICE
INVESTMENTS, L.P.
By: Pinnacle Family Office, LLC, its general
partner

  By: /s/ Barry M. Kitt
    Barry M. Kitt, its manager
     
     
    /s/ Barry M. Kitt
    Barry M. Kitt