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Davis Commodities (NASDAQ: DTCK) plans 20-for-1 share consolidation

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Form Type
6-K

Rhea-AI Filing Summary

Davis Commodities Limited shareholders approved a 20-for-1 consolidation of both Class A and Class B ordinary shares at an extraordinary general meeting held on February 4, 2026. The goal is to boost the share price, regain compliance with minimum bid price rules, enhance market credibility and investor confidence, and reduce excessive share price volatility.

The board resolved on February 5, 2026 to implement the consolidation with immediate effect, with trading of consolidated shares on Nasdaq expected on or about February 16, 2026, subject to Nasdaq confirmation and completion of procedures. Shareholders strongly backed the proposal, with 495,571,306 votes cast in favor, 137,089 against and 1,850 abstentions, representing 97.91% of the 506,305,124 votes attached to issued and outstanding shares.

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Insights

Davis Commodities consolidates shares 20-for-1 to support Nasdaq compliance.

Davis Commodities Limited received strong shareholder approval for a 20-for-1 consolidation of its Class A and Class B ordinary shares. A share consolidation combines multiple existing shares into a single new share, typically increasing the trading price per share while keeping each investor’s ownership percentage unchanged.

The company states that the move is aimed at increasing its share price, regaining compliance with minimum bid price requirements, and enhancing market credibility and investor confidence. It also targets moderating excessive share price volatility, which can affect how reliably the stock trades and how institutions perceive it.

The board has authority to handle fractional entitlements, including capitalizing reserves or profits to issue extra shares where needed. Trading in consolidated shares is expected to begin on or about February 16, 2026, subject to Nasdaq confirmation, so subsequent disclosures around that date may clarify how the consolidation is implemented in practice.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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 February 2026

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 


Incorporation by reference

 

This report on Form 6-K 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

 

In connection with an extraordinary general meeting of shareholders (the “Meeting” or “Extraordinary General Meeting”) of Davis Commodities Limited (the “Company”), an exempted company incorporated under the laws of the Cayman Islands, the Company hereby furnishes the following document:

 

Exhibits

 

Exhibit No.   Description of Exhibit
99.1   Press release of Davis Commodities Limited, dated February 6, 2026.

 

 

 

 

 

 

 

 

 

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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
     
  By: /sLi Peng Leck
  Name:  Li Peng Leck
  Title: Executive Chairperson and Executive Director (Principal Executive Officer)

 

Date: February 9, 2026

 

 

 

 

 

 

 

 

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Exhibit 99.1

 

Davis Commodities Shareholders Approve Share Consolidation to Boost Share Price and Market Standing

 

February 6, 2026

 

SINGAPORE, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Davis Commodities Limited (“Davis Commodities” or the “Company”) announced that shareholders have approved a share consolidation proposal at an Extraordinary General Meeting (EGM) held on February 4, 2026, at Genting Hotel Jurong in Singapore. The measure is aimed at increasing the Company’s share price, regaining compliance with minimum bid price requirements, enhancing market credibility and investor confidence, and moderating excessive share price volatility.

 

The approved resolution authorized the consolidation of both Class A and Class B ordinary shares of the Company. The board of directors resolved on February 5, 2026 to implement the share consolidation at a ratio of 20-for-1 with immediate effect. The effective date of the trading of the consolidated shares on the Nasdaq Capital Market (“Nasdaq”) is expected to be on or about February 16, 2026 subject to confirmation by Nasdaq and the completion of the relevant procedures. The board is also authorized to deal with any fractional entitlements arising from the share consolidation, including by capitalizing reserves or profits and issuing additional shares where necessary to round up fractional holdings.

 

The resolution further grants the directors broad authority to take all steps required to implement the share consolidation, including any related corporate actions. Shareholders were able to vote either by proxy, via internet or mail, or in person at the EGM, with the ordinary resolution requiring a simple majority of votes cast by Class A and Class B shareholders voting together as a single class.

 

The proposal passed with strong support. Holders of Class A ordinary shares cast 121,876 votes in favor, 137,089 against and 1,850 abstentions, while Class B shareholders—whose votes carry 30 votes per share—cast 495,449,430 votes in favor and none against. In total, 495,571,306 votes were cast for the resolution, 137,089 against and 1,850 abstentions, representing 97.91% of the 506,305,124 votes attached to the Company’s issued and outstanding shares.

 

About Davis Commodities Limited

 

Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company that specializes 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 utilizes 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, visit https://ir.daviscl.com

 

 

 

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Forward-Looking Statements

 

This press release contains certain forward-looking statements, within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by terms such as “believe,” “project,” “predict,” “budget,” “forecast,” “continue,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “could,” “should,” “will,” “would,” and similar expressions or negative versions of those expressions.

 

Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, therefore, subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release. The Company’s filings with the SEC identify and discuss other important risks and uncertainties that could cause events and results to differ materially from those indicated in these forward-looking statements.

 

Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance upon forward-looking statements. Davis Commodities Limited assumes no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

For more information, please contact: Davis Commodities Limited Investor Relations Department Email: investors@daviscl.com Celestia Investor Relations Dave Leung Email: investors@celestiair.com

 

 

 

 

 

 

 

 

 

 

 

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FAQ

What did Davis Commodities (DTCK) shareholders approve at the Extraordinary General Meeting?

Shareholders approved a 20-for-1 consolidation of Davis Commodities’ Class A and Class B ordinary shares. The company states this is intended to increase its share price, regain compliance with minimum bid price requirements, improve market credibility, and reduce excessive share price volatility.

What is the share consolidation ratio for Davis Commodities (DTCK)?

Davis Commodities’ board approved a 20-for-1 share consolidation for both Class A and Class B ordinary shares. This means every 20 existing shares will be consolidated into one share, aiming to raise the trading price while keeping each shareholder’s proportional ownership the same.

When will Davis Commodities’ consolidated shares start trading on Nasdaq?

Trading of Davis Commodities’ consolidated shares on the Nasdaq Capital Market is expected to begin on or about February 16, 2026. This timing is subject to confirmation by Nasdaq and completion of the relevant corporate and procedural steps required for the consolidation.

Why is Davis Commodities (DTCK) implementing a share consolidation?

The company says the consolidation aims to increase its share price, help regain compliance with minimum bid price requirements, and enhance market credibility and investor confidence. It also seeks to moderate excessive share price volatility, which can affect trading stability and investor perception.

How strong was shareholder support for Davis Commodities’ share consolidation?

The proposal received strong backing, with 495,571,306 votes cast in favor, 137,089 against, and 1,850 abstentions. This represented 97.91% of the 506,305,124 votes attached to issued and outstanding shares, reflecting broad support across voting Class A and Class B shareholders.

How will fractional shares be handled in Davis Commodities’ consolidation?

The board is authorized to manage any fractional entitlements created by the 20-for-1 consolidation. It may capitalize reserves or profits and issue additional shares where necessary to round up fractional holdings, seeking to ensure shareholders receive whole-number positions after the consolidation.

Filing Exhibits & Attachments

1 document
Davis Commoditie

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