The delisting is final and irreversible. Monitor for any subsequent OTC trading symbol and volume; the stock may face further selling pressure as remaining holders exit ahead of the October 15 effective date. No catalyst for relisting exists.
Price Chart
Executive Summary
Nasdaq has filed a Form 25-NSE to remove Davis Commodities Ltd's Class A Ordinary Shares from listing, effective October 15, 2026, after the company failed to meet Listing Rule 5550(a)(2) (minimum bid price). The delisting follows a full appeals process that ended with a final determination on July 29, 2026; shares have been suspended since March 25, 2026. This formal removal from Nasdaq registration eliminates any remaining path to relisting on the exchange.
Key Facts
- Nasdaq determined Davis Commodities no longer qualified for listing under Rule 5550(a)(2) (minimum bid price).
- Shares have been suspended since March 25, 2026.
- All appeals (Panel, NLHRC, Board of Directors) were exhausted; final action letter issued August 11, 2026.
- Delisting becomes effective at the opening of trading on October 15, 2026.
- The Form 25-NSE was filed by Nasdaq on October 5, 2026.
Financial Impact
Complete loss of Nasdaq listing — shares will trade over-the-counter (OTC) with significantly reduced liquidity, institutional ownership likely to be forced out, and potential further price erosion. No dollar figures provided in the filing.
Risk Factors
- Shares will trade OTC with minimal liquidity and wider bid-ask spreads.
- Institutional investors may be forced to divest due to mandate restrictions on non-Nasdaq securities.
- No further appeal or review is available — delisting is definitive.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000945 |
| Document: 0001354457-26-000945-index-headers.html | 0001354457-26-000945 |
| Document: 0001354457-26-000945-index.html | 0001354457-26-000945 |
| Document: 0001354457-26-000945.txt | 0001354457-26-000945 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 25-NSE | $0.2790 $0.2510 | ▲ +10.04% | ▲ +10.46% | $0.2510 (+10.04%) |
Oct 1, 2026 25d ago | 6-K | $0.2790 $0.2510 | ▼ −10.04% | ▼ −11.34% | $0.2510 (−10.04%) |
Sep 21, 2026 5w ago | 6-K | $0.3820 $0.2790 | ▲ +26.96% | ▲ +25.94% | $0.2510 (+34.29%) |
May 27, 2026 21w ago | 6-K | $1.10 $1.05 | ▼ −4.55% | ▼ −5.01% | $0.2510 (−77.18%) |
May 15, 2026 23w ago | 6-K / 20-F | $1.11 $1.00 | ▲ +9.50% | ▲ +11.12% | $0.2510 (+77.29%) |
Apr 13, 2026 28w ago | 6-K | $0.9630 $1.09 | ▲ +13.19% | ▲ +9.89% | $0.2510 (−73.94%) |
US Market Status
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