DAVIS COMMODITIES LTD Aktie

Nasdaq has opened a delisting proceeding against Davis Commodities because the stock closed below $1.00 for more than 30 consecutive trading days. The deadline to regain compliance had been extended to March 16, 2026; Nasdaq decided on March 18, 2026 to cancel the listing. Davis Commodities can appeal to a Nasdaq hearings panel by March 25, 2026 at 4:00 p.m. ET; the company has said it will request a hearing, but there is no guarantee of a stay or approval of its compliance plan. » Altro su de.investing.com

Davis Commodities approved a 1-for-20 reverse stock split for its Class A and Class B common stock, ratified by shareholders on February 4, 2026. Trading will resume on a split-adjusted basis beginning March 9, 2026; the Class A shares will remain listed under the ticker DTCK and will receive a new CUSIP. The company says the move is intended to meet NASDAQ listing requirements and potentially improve the market price; data also point to high debt levels and rapid cash burn. » Altro su de.investing.com

Davis Commodities has been granted an additional 180 days by NASDAQ to meet the minimum price requirement, extending the deadline to March 16, 2026. The company had previously received notice on March 19, 2025 that the closing price of its common stock had been below $1.00 for 30 consecutive trading days. To regain compliance, the closing price must be $1.00 or higher for at least ten consecutive trading days; the company is considering a reverse split if necessary. » Altro su de.investing.com