Dais Analytic plans $15M IPO

ODESSA — Dais Analytic Corp. filed for an initial public offering this week, hoping to raise $15 million through the sale of its common stock.

Dais will put 3.75 million shares of its stock on the market, at a price between $3 and $5 per share, according to a filing with the Securities and Exchange Commission. The Odessa firm used the midpoint of that range to come up with its $15 million expectation from the sale.

The company's stock is currently available over the counter (symbol: DLYT.OB), and was last sold Sept. 15 for $0.49. Before issuing its IPO, Dais will complete a reverse stock split on a 10-to-1 basis, pushing per-share values up to its preferred price point.