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Davis Commodities (NASDAQ: DTCK) granted extra time on Nasdaq bid rule

Filing Impact
(Neutral)
Filing Sentiment
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Form Type
6-K/A

Rhea-AI Filing Summary

Davis Commodities Limited filed an amended Form 6-K to clarify that its earlier June 2025 Form 6-K, including all exhibits, is incorporated by reference into its Form F-3 registration statement (File No. 333-286042) and will form part of that shelf registration to the extent not superseded by later filings.

The company also reports that on September 16, 2025, it received notice from Nasdaq granting an additional 180-day period, until March 16, 2026, to regain compliance with Nasdaq’s minimum bid price rule, which requires its ordinary shares to close at or above $1.00 per share for at least ten consecutive business days. Davis Commodities states that it intends to cure the deficiency during this extended period, including by effecting a reverse stock split if necessary.

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Insights

Nasdaq gives Davis Commodities more time to fix sub-$1 share price, with a reverse split under consideration.

Davis Commodities Limited discloses that Nasdaq has granted an additional 180 days, until March 16, 2026, to regain compliance with the exchange’s minimum bid price requirement. Compliance requires the company’s ordinary shares to close at or above $1.00 for at least ten consecutive business days. This follows an initial 180-day cure period that expired without the company regaining compliance.

The extension indicates that Nasdaq still permits the shares to trade on the Nasdaq Capital Market while the company works toward compliance. The company explicitly notes it intends to cure the deficiency during the additional period and may implement a reverse stock split if needed, a common mechanical way to raise the per-share price without changing overall market value.

Separately, the amendment clarifies that information from the June 2025 Form 6-K is incorporated by reference into the Form F-3 (File No. 333-286042). This ties the prior disclosure directly into the company’s shelf registration framework, but does not itself specify any new financing terms in the provided excerpt.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Amendment No. 1

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2025

 

Commission File Number: 001-41804

 

Davis Commodities Limited

 

10 Bukit Batok Crescent, #10-01, The Spire

Singapore 658079

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

 

 

 

 

   

 

 

EXPLANATORY NOTE

 

 

Davis Commodities Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Company”), is furnishing this Amendment No. 1 (the “Amendment No. 1”) on Form 6K/A to amend its Report on Form 6-K for the month of June, 2025 (the “Original Form 6-K”), which was originally furnished with the Securities and Exchange Commission (“SEC”) on September 18, 2025.

 

This Amendment No. 1 is being filed solely to clarify that the information in the Original Form 6-K (including the exhibits thereto) is incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-286042), and shall be a part thereof, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Other than as indicated below, the information in this Amendment No. 1 (including the exhibits hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Incorporation by reference

 

This report on Form 6-K/A is hereby incorporated by reference in the registration statement of Davis Commodities Limited on Form F-3 (File No. 333-286042) filed with the SEC on March 24, 2025, to the extent not superseded by documents or reports subsequently filed or furnished.

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

  

On September 16, 2025, Davis Commodities Limited (the “Company”) received a notification from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) stating that the Company will be afforded an additional 180 calendar day period (or until March 16, 2026) to regain compliance with Nasdaq’s minimum bid price requirement.

 

As previously disclosed, on March 19, 2025, the Company received a notice from Nasdaq stating that, for the 30 consecutive business days ending March 18, 2025, the closing bid price for the Company’s ordinary shares had been below the minimum of $1.00 per share required for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that the Company would be afforded an initial 180-day period to regain compliance with the minimum bid price requirement. The notification letter also stated that in the event the Company did not regain compliance within the initial 180-day period, the Company could be eligible for additional time.

 

The Company did not regain compliance with the minimum bid price requirement during the initial 180-day period. However, Nasdaq determined that the Company was eligible for the additional 180-day period within which to regain compliance. In order to regain compliance, the bid price for shares of the Company’s ordinary shares must close at $1.00 per share or more for a minimum of ten consecutive business days. The Company intends to cure the deficiency during the additional 180-day period by effecting a reverse stock split, if necessary. 

 

 

 

 

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Davis Commodities Limited
     
Date: January 13, 2026 By: /s/ Li Peng Leck
  Name: Li Peng Leck
  Title: Executive Chairperson and Executive Director (Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

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FAQ

What did Davis Commodities Limited change with this Form 6-K/A?

The company clarified that the information in its June 2025 Form 6-K, including all exhibits, is incorporated by reference into its Form F-3 registration statement (File No. 333-286042) and will be part of that registration to the extent not superseded by later filings.

How long does Davis Commodities (DTCK) have to regain Nasdaq bid price compliance?

Nasdaq granted Davis Commodities an additional 180-day period, until March 16, 2026, to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

What is the Nasdaq minimum bid price requirement mentioned for Davis Commodities?

Nasdaq Listing Rule 5550(a)(2) requires the company’s ordinary shares to maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days to be compliant.

Why did Davis Commodities receive the original Nasdaq deficiency notice?

On March 19, 2025, the company was notified that for the 30 consecutive business days ending March 18, 2025, the closing bid price of its ordinary shares had been below the $1.00 per share minimum required for continued inclusion on the Nasdaq Capital Market.

What actions does Davis Commodities plan to take to regain Nasdaq compliance?

The company states that it intends to cure the minimum bid price deficiency during the additional 180-day period and may effect a reverse stock split, if necessary, to help restore compliance.

Does this Form 6-K/A affect how its contents are treated under U.S. securities laws?

The amendment notes that, except as indicated, the information in this Form 6-K/A is not deemed “filed” for purposes of Section 18 of the Exchange Act and is not automatically incorporated by reference into other Securities Act or Exchange Act filings.
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