Davis Commodities Announces Effective Date of Trading of Shares on a 20-for-1 Reverse Share Split Basis

Davis Commodities (Nasdaq: DTCK) approved a 20-for-1 reverse share split of Class A and Class B ordinary shares, effective for trading on a split-adjusted basis on March 9, 2026.

Rhea-AI Summary

Davis Commodities (Nasdaq: DTCK) approved a 20-for-1 reverse share split of Class A and Class B ordinary shares, effective for trading on a split-adjusted basis on March 9, 2026. Par value increases to US$0.00000860216 per share; new CUSIP is G2677P113. No fractional shares will be issued; fractional entitlements are rounded up. The company said the Reverse Split aims to help maintain Nasdaq continued listing compliance and potentially improve its market trading price.

Positive

• Maintains Nasdaq compliance to address continued listing standards
• Potentially higher per-share trading price may broaden investor interest
• New CUSIP assigned: G2677P113 for post-split Class A shares

Negative

• Possible reduced liquidity from fewer outstanding shares post-split
• Perception risk: reverse split may signal past low share price to investors

Argus Mar 3 session

+0.50% close to close Open Argus

Details

News Market Reaction – DTCK

In the Mar 3 session, DTCK gained 0.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement finalizes the effective date for a 20-for-1 reverse split, a step previously appro...

Analysis

This announcement finalizes the effective date for a 20-for-1 reverse split, a step previously approved to help regain Nasdaq bid-price compliance and potentially improve perceived trading quality. In context, DTCK’s shares had traded near a US$0.075 52-week low and well below a 200-day MA of 14.91, while earlier growth and pipeline updates produced mixed price responses. Investors may focus on how the new share structure interacts with revenue visibility, margin trends, and future regulatory filings.

Key Figures

Reverse split ratio: 20-for-1 Effective trading date: March 9, 2026 Prior par value: US$0.000000430108 +5 more

Reverse split ratio

20-for-1

Consolidation of Class A and Class B ordinary shares

Effective trading date

March 9, 2026

Shares begin trading on split-adjusted basis

Prior par value

US$0.000000430108

Par value per Class A and Class B share before reverse split

New par value

US$0.00000860216

Par value per Class A and Class B share after reverse split

Pre-split price

US$0.0807

Last close before announcement in market context

52-week high

US$137.80

Highest price in prior 52 weeks

52-week low

US$0.075

Lowest price in prior 52 weeks

Market cap

US$2,709,697

Market capitalization before reverse split effective date

Historical Context

5 past events · Latest: Feb 24

5 events

1. Feb 24

   Commercial pipeline update

   24h Move

   +12.1%

   US$20M pipeline added to ~US$100M recurring base improving revenue visibility.

2. Feb 10

   AI logistics initiative

   24h Move

   -13.8%

   AI deployment across logistics to improve margins and cash conversion cycles.

3. Feb 06

   Share consolidation approval

   24h Move

   -6.7%

   Shareholders approved 20-for-1 consolidation aimed at raising price and regaining compliance.

4. Dec 29

   China scale-up evaluation

   24h Move

   +16.2%

   Exploring China and North Asia sweeteners strategy in multi-billion-dollar market.

5. Dec 23

   Interim earnings report

   24h Move

   -2.1%

   Revenue growth but margin compression, low cash, and higher borrowings in H1 2025.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse share split, class a ordinary shares, class b ordinary shares, par value, +2 more

6 terms

reverse share split financial

"has approved the implementation of a 20-for-1 reverse share split"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

class a ordinary shares financial

"of the Company’s Class A ordinary shares (“Class A Ordinary Shares”)"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"and Class B ordinary shares (“Class B Ordinary Shares”)"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

par value financial

"the par value of each Class A Ordinary Share and Class B Ordinary Share will increase"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

nasdaq capital market regulatory

"will continue to trade on the Nasdaq Capital Market under the symbol “DTCK.”"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

cusip financial

"The new CUSIP number for the Class A Ordinary Shares following the Reverse Split will be G2677P113."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

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SINGAPORE, March 02, 2026 (GLOBE NEWSWIRE) -- Davis Commodities Limited (“Davis Commodities” or the “Company”) (Nasdaq: DTCK), a global agri-commodity trading company, today announced that its board of directors (the “Board”) has approved the implementation of a 20-for-1 reverse share split (the “Reverse Split”) of the Company’s Class A ordinary shares (“Class A Ordinary Shares”) and Class B ordinary shares (“Class B Ordinary Shares”). The Reverse Split was previously approved by shareholders on February 4, 2026 and trading of shares commences on a split-adjusted basis on March 9, 2026.

Under the terms of the Reverse Split, every 20 issued and unissued Class A Ordinary Shares will be consolidated into one Class A Ordinary Share, and every 20 issued and unissued Class B Ordinary Shares will be consolidated into one Class B Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share and Class B Ordinary Share will increase from US$0.000000430108 to US$0.00000860216. No fractional shares will be issued; any fractional entitlements will be rounded up to the nearest whole share.

The Company’s Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the symbol “DTCK.” The new CUSIP number for the Class A Ordinary Shares following the Reverse Split will be G2677P113.

The Reverse Split is intended to help the Company maintain compliance with Nasdaq’s continued listing standards and potentially improve the market trading price of its shares.

For further information, please visit https://ir.daviscl.com

About Davis Commodities Limited

Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company that specialises in trading sugar, rice, and oil and fat products in various markets, including Asia, Africa and the Middle East. The Company sources, markets, and distributes commodities under two main brands, Maxwill and Taffy, in Singapore. The Company also provides customers of its commodity offerings with complementary and ancillary services, such as warehouse handling and storage and logistics services.

The Company utilises an established global network of third-party commodity suppliers and logistics service providers to distribute sugar, rice, and oil and fat products to customers in over 20 countries.

For more information, please contact:

Davis Commodities Limited
Investor Relations Department
Email: investors@daviscl.com

Celestia Investor Relations
Dave Leung
Email: investors@celestiair.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Davis Commodities (DTCK) start trading on a split-adjusted basis?

Trading on a split-adjusted basis begins on March 9, 2026. According to the company, shareholders approved the 20-for-1 reverse split earlier and the board set March 9 as the effective trading date.

What exactly is the 20-for-1 reverse share split for DTCK on March 9, 2026?

Every 20 Class A and Class B shares will be consolidated into one post-split share. According to the company, par value per share increases to US$0.00000860216 and fractional entitlements are rounded up.

Will Davis Commodities (DTCK) keep the same Nasdaq ticker after the reverse split?

Yes, the Class A ordinary shares will continue trading under the ticker DTCK. According to the company, only the share count and par value change; the Nasdaq listing symbol remains unchanged post-split.

How does the reverse split affect fractional share holdings for DTCK shareholders?

No fractional shares will be issued; fractional entitlements will be rounded up to the nearest whole share. According to the company, shareholders holding fractional results from the consolidation will receive rounded-up whole shares.