20-for-1 reverse split for Davis Commodities (NASDAQ: DTCK) shares
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Davis Commodities Limited has approved a 20-for-1 reverse stock split of its Class A and Class B ordinary shares. Every 20 issued and unissued shares of each class will be consolidated into one share of the same class.
Any fractional share entitlements from the reverse split will be rounded up to the next whole share, so no fractional shares will be issued. The Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “DTCK” and are expected to begin trading on a split-adjusted basis when the market opens on March 9, 2026.
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FAQ
What corporate action did Davis Commodities (DTCK) announce in this 6-K?
Davis Commodities Limited announced a 20-for-1 reverse stock split of its Class A and Class B ordinary shares. Every 20 issued and unissued shares of each class will be consolidated into one share of the same class following board and shareholder approvals.
When will Davis Commodities (DTCK) start trading on a split-adjusted basis?
Davis Commodities’ Class A ordinary shares are expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market when the market opens on March 9, 2026. The trading symbol will remain “DTCK” after the reverse split becomes effective.
Does the Davis Commodities reverse split change the Nasdaq ticker symbol DTCK?
The reverse stock split does not change the Nasdaq ticker symbol for Davis Commodities. The Class A ordinary shares will continue to trade under “DTCK” after the 20-for-1 consolidation, although they will trade on a split-adjusted basis starting March 9, 2026.