September 25, 2023
Davis Commodities Limited (the “Company”), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, on September 21, 2023 announced the closing of its initial public offering (the “Offering”) of 1,250,625 ordinary shares at a public offering price of US$4.00 per ordinary share, including 163,125 ordinary shares issued pursuant to the full exercise of the underwriters’ over-allotment option. The ordinary shares began trading on the Nasdaq Capital Market on September 19, 2023 under the ticker symbol “DTCK.”
The Company received aggregate gross proceeds of US$5,002,500 from the Offering, before deducting underwriting discounts and other related expenses.
Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.