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Stock impact report

Davis Commodities Announces Effective Date of Trading of Shares on a 20-for-1 Reverse Share Split Basis [Yahoo! Finance]

Davis Commodities Limited - Class A Ordinary Shares (DTCK) 
Company Research Source: Yahoo! Finance
trading company, today announced that its board of directors (the “Board”) has approved the implementation of a 20-for-1 reverse share split (the “Reverse Split”) of the Company's Class A ordinary shares (“Class A Ordinary Shares”) and Class B ordinary shares (“Class B Ordinary Shares”). The Reverse Split was previously approved by shareholders on February 4, 2026 and trading of shares commences on a split-adjusted basis on March 9, 2026. Under the terms of the Reverse Split, every 20 issued and unissued Class A Ordinary Shares will be consolidated into one Class A Ordinary Share, and every 20 issued and unissued Class B Ordinary Shares will be consolidated into one Class B Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share and Class B Ordinary Share will increase from US$0.000000430108 to US$0.00000860216. No fractional shares will be issued; any fractional entitlements will be rounded up to the nearest whole share. The Company's Class A Ord Show less Read more
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