IPO - DAVIS COMMODITIES Ltd

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Form Type: F-3

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000168316825001820

Filing Summary: Davis Commodities Limited has filed a registration statement on Form F-3 for a proposed public offering of up to $30,000,000 in securities, which may include ordinary shares, debt securities, warrants, units, and rights. The company is an agricultural commodity trading firm based in Singapore, focusing on sugar, rice, and oil and fat products. Davis Commodities commenced trading of its ordinary shares on the Nasdaq Capital Market under the symbol 'DTCK' following an initial public offering completed on September 21, 2023, which raised $5,000,000. As of the latest offering, the company holds a market value of approximately $7,346,792.48 in its ordinary shares. The funds raised will be used for general corporate purposes and possibly for investments that could enhance company value. The document emphasizes the risks associated with investing in its securities and the nature of forward-looking statements, alongside the implications of being an emerging growth company.

Document Link: View Document

Additional details:

About This Prospectus: This prospectus is part of a registration statement that we filed with the U.S. Securities and Exchange Commission.

Registration No: 333-________

Principal Executive Offices: 10 Bukit Batok Crescent, #10-01, The Spire, Singapore 658079

Agent For Service: Cogency Global Inc., 122 East 42nd Street, 18th Floor, New York, NY 10168

Emerging Growth Company: Yes

Proposed Sale Date: From time to time after the effective date of the registration statement.

Securities Offering Amount: up to $30,000,000

Total Revenue Last Period: $66.9 million for the six months ended June 30, 2024

Total Revenue Previous Years: $194.2 million, $206.7 million, and $190.7 million for the fiscal years ended December 31, 2021, 2022, and 2023 respectively.

Current Price Per Share: $0.92

Shares Outstanding: 24,500,625 Ordinary Shares

Secured Trading Market: Nasdaq Capital Market

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