SINGAPORE, Sept. 18, 2025 — Davis Commodities Limited (Nasdaq: DTCK), a prominent global agricultural commodities firm, disclosed today that it received a notice from the Nasdaq Listing Qualifications Department. This notice provides the company with an extended 180-calendar-day period to meet the Nasdaq Stock Market’s stipulation for a minimum bid price of $1.00 per share.
This latest notification comes after Nasdaq’s initial communication on March 19, 2025, which indicated that Davis Commodities’ stock had fallen below the minimum bid price threshold for 30 consecutive trading days. The first compliance period concluded on September 15, 2025.
Nasdaq’s letter confirms Davis Commodities’ eligibility for this extended period, lasting until March 16, 2026, given that the company fulfills all other relevant Nasdaq Capital Market listing criteria, apart from the bid price regulation. The company has conveyed to Nasdaq its plan to rectify the shortfall, potentially through a reverse stock split if required.
For compliance to be reinstated, Davis Commodities’ stock needs to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days within this extended compliance timeframe. Nasdaq retains the authority to extend this maintenance period up to 20 days, based on variables like trading volume, compliance margin, and overall market sentiment.
Should Davis Commodities not meet compliance by March 16, 2026, Nasdaq will formally announce its delisting. In this event, the company has the option to appeal this decision to a Nasdaq Hearings Panel. Historically, such panels have shown preference for clear compliance strategies, like reverse stock splits, to rectify bid price shortfalls.
Dedication to Compliance and Transparency
Davis Commodities underscored its dedication to retaining its Nasdaq listing and is proactively evaluating all viable solutions to resolve the issue. The company’s leadership will persist in closely monitoring the stock price and maintains confidence in its operational and financial approaches to foster enduring shareholder value.
As per Nasdaq rules, a public flag indicating non-compliance will remain visible alongside the company’s stock data on Nasdaq platforms, specifically Nasdaq.com and NasdaqTrader.com, in addition to external market data providers.
Regarding Davis Commodities Limited
Headquartered in Singapore, Davis Commodities Limited operates as an agricultural commodity trading enterprise, concentrating on sugar, rice, and oil and fat products across diverse markets, including Asia, Africa, and the Middle East. The company procures, markets, and distributes these commodities under its primary brands, Maxwill and Taffy, within Singapore. Furthermore, it offers supplementary and auxiliary services to its commodity clients, such as warehousing, storage, and logistics. By leveraging a well-established global network of third-party commodity providers and logistics firms, the company distributes sugar, rice, and oil and fat products to customers in more than 20 countries, as reported for the fiscal year ending December 31, 2024.
For more information, please visit the Company’s website: ir.daviscl.com.
CONTACT: For additional details, please reach out to: Davis Commodities Limited Investor Relations Department Email: investors@daviscl.com Celestia Investor Relations Dave Leung Email: investors@celestiair.com
