Receipt of nasdaq notification regarding minimum bid price deficiency

Singapore, march 21, 2025 (globe newswire) -- davis commodities limited (the “company”) announced that, on march 19, 2025, the company received a letter from the listing qualifications staff of the nasdaq stock market (“nasdaq”) notifying the company that based on the closing bid price of the company for the period from february 3, 2025 to march 18, 2025, the company no longer meets the continued listing requirement of nasdaq under nasdaq listing rule 5550(a)(2), to maintain a minimum bid price of $1 per share. the notification has no immediate effect on the listing of the company's ordinary shares.
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