Davis Commodities Ltd's Class A ordinary shares are the subject of a Form 25 notification concerning removal from listing and/or registration on Nasdaq. Nasdaq Stock Market LLC signed the notice and stated that it had reasonable grounds to believe the Form 25 requirements were met.
Davis Commodities Ltd (DTCKF) is the issuer whose common stock is covered by a Form 25 notification from Nasdaq Stock Market LLC concerning removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq states it has reasonable grounds to believe the Form 25 requirements are met. The notification was signed by Hearings Advisor Aravind Menon.
Davis Commodities Limited said its Class A ordinary shares moved from the Pink Limited Market to the OTCID Market effective August 6, 2026, and have remained quoted there under DTCKF since then. The company describes the OTCID Basic Market as a tier for companies that publish baseline information, and says its OTCID status reflects those disclosure requirements.
The company cautioned that continued eligibility and quotation are not assured, nor is the development, maintenance or liquidity of a trading market for its Class A ordinary shares.
Davis Commodities Limited (DTCKF) announced that Nasdaq has stated it will delist the Company’s Class A ordinary shares and will file a Form 25 with the SEC, with the delisting becoming effective ten days after that filing. Trading on Nasdaq has been suspended since March 25, 2026. The shares continue to be quoted on OTC Markets under the symbol DTCKF, though there is no assurance of ongoing quotation, an active market, or liquidity. The delisting does not end the Company’s obligations under the U.S. Exchange Act, and Davis Commodities states that it will remain an SEC-reporting company and intends to continue complying with its reporting requirements.
Davis Commodities Limited reported that Nasdaq’s Board of Directors declined to call for review a July 28, 2026 decision by the Nasdaq Listing and Hearing Review Council concerning the company’s listing status. Under Nasdaq Listing Rule 5820(e)(6), that decision now constitutes Nasdaq’s final action on the matter.
Nasdaq informed the company it will follow Nasdaq Listing Rule 5830 and SEC Rule 12d2-2 to remove Davis Commodities’ securities from listing on Nasdaq. Trading in the company’s Class A ordinary shares had already been suspended on Nasdaq on March 25, 2026, and those shares are quoted on OTC Markets under the symbol DTCKF. The company may appeal Nasdaq’s decision to the SEC and states it will continue meeting applicable disclosure and reporting obligations while providing updates on any material developments.
Davis Commodities Limited furnished a Form 6-K to clarify the impact of a Singapore High Court order involving a dispute between Raízen Trading SA and Carfax Commodities (Asia) Pte. Ltd. The Company states the order relates solely to a commercial dispute between Carfax and its supplier.
Carfax is described as a counterparty to a convertible loan arrangement with Davis Commodities, but not as a subsidiary, consolidated entity, or controlled affiliate. Davis Commodities is not a party to the proceedings, and based on information currently available, its operations have not been affected. The Company will assess whether any accounting, disclosure, or recovery actions are needed and indicates it will make further announcements if required under applicable regulations.