Davis Commodities (NASDAQ: DTCK) gains more time to fix Nasdaq bid-price issue

Rhea-AI Filing Summary

Davis Commodities Limited reports that Nasdaq has granted an additional 180-day period, until March 16, 2026, to regain compliance with Nasdaq’s minimum bid price requirement. The company had previously been notified that its ordinary shares traded below the required $1.00 per share minimum bid price for 30 consecutive business days ending March 18, 2025, triggering a deficiency notice under Nasdaq Listing Rule 5550(a)(2).

The company did not restore the share price to the minimum level during the initial 180-day grace period, but Nasdaq determined it remains eligible for a further 180 days. To regain compliance, the closing bid price of Davis Commodities’ ordinary shares must be at least $1.00 per share for a minimum of ten consecutive business days. The company states that it intends to cure the deficiency during this additional period, including by effecting a reverse stock split if necessary.

Insights

Equity Markets & Listing Standards Analyst

Nasdaq grants Davis Commodities more time to fix a bid-price listing deficiency, with a possible reverse split as a stated option.

Nasdaq has given Davis Commodities Limited an additional 180 days, until March 16, 2026, to regain compliance with the $1.00 per share minimum bid price requirement under Listing Rule 5550(a)(2). This follows an earlier notice that the company’s ordinary shares had closed below $1.00 for 30 consecutive business days ending March 18, 2025, and that it had already used an initial 180-day cure period without regaining compliance.

To resolve the deficiency, the company must achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. The company expressly notes that it intends to cure the deficiency during the extended period and may implement a reverse stock split if necessary. The actual outcome will depend on future share price performance and any corporate actions taken within the timeframe set by Nasdaq.

Form 6-K: How Foreign Companies Report to the SEC →

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 September 2025

Commission File Number: 001-41804

Davis Commodities Limited

(Registrant’s Name)

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

Singapore 658079

(Address of Principal Executive Offices)

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 ☐

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

Date: September 18, 2025

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EXHIBIT INDEX

Exhibit No.		Exhibit
99.1		Press release

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FAQ

What Nasdaq compliance issue does Davis Commodities Limited (DTCK) disclose in this 6-K?

Davis Commodities Limited discloses that its ordinary shares failed to meet Nasdaq’s minimum bid price requirement of $1.00 per share for 30 consecutive business days ending March 18, 2025, triggering a deficiency notice under Nasdaq Listing Rule 5550(a)(2).

How much extra time has Nasdaq given Davis Commodities Limited (DTCK) to regain bid price compliance?

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

What must Davis Commodities Limited (DTCK) do to regain Nasdaq minimum bid price compliance?

To regain compliance, the closing bid price of Davis Commodities Limited’s ordinary shares must be at least $1.00 per share for a minimum of ten consecutive business days, as required by Nasdaq’s rules.

What actions does Davis Commodities Limited (DTCK) plan to take to address the Nasdaq bid price deficiency?

Davis Commodities Limited states that it intends to cure the Nasdaq minimum bid price deficiency during the additional 180-day period and may effect a reverse stock split if necessary.

What earlier Nasdaq notice did Davis Commodities Limited (DTCK) receive about its share price?

On March 19, 2025, Davis Commodities Limited received a notice from Nasdaq that, for 30 consecutive business days ending March 18, 2025, the closing bid price of its ordinary shares had been below $1.00 per share, starting an initial 180-day period to regain compliance.

Is Davis Commodities Limited (DTCK) currently compliant with Nasdaq’s minimum bid price rule?

Davis Commodities Limited confirms it did not regain compliance during the initial 180-day period and is currently operating under an additional 180-day extension from Nasdaq to meet the minimum bid price rule.