Company: DTCK
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001683168-25-001820
Chunk: 23

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 23
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 we
may enter into a standby underwriting or other arrangement with one or more underwriters or other persons pursuant to which such underwriters
or other persons would purchase any offered securities remaining unsubscribed for after such rights offering. Each series of rights will
be issued under a separate rights agent agreement to be entered into between us and one or more banks, trust companies or other financial
institutions, as rights agent, that we will name in the applicable prospectus supplement. The rights agent will act solely as our agent
in connection with the rights and will not assume any obligation or relationship of agency or trust for or with any holders of rights
certificates or beneficial owners of rights.

The prospectus supplement relating to any rights that we offer will
include specific terms relating to the offering, including, among other matters:

| · | the date of determining the security holders entitled to the rights distribution;                      |
| · | the aggregate number of rights issued and the aggregate amount of securities purchasable upon exercise 
 of the rights;                                                                                         |
| · | the exercise price;                                                                                    |
| · | the conditions to completion of the rights offering;                                                   |
| · | the date on which the right to exercise the rights will commence and the date on which the rights will 
 expire; and                                                                                            |
| · | any applicable federal income tax considerations.                                                      |

Each right would entitle the holder of the rights to purchase for cash
the principal amount of securities at the exercise price set forth in the applicable prospectus supplement. Rights may be exercised at
any time up to the close of business on the expiration date for the rights provided in the applicable prospectus supplement. After the
close of business on the expiration date, all unexercised rights will become void.

If less than all of the rights issued in any rights offering are exercised,
we may offer any unsubscribed securities directly to persons other than our security holders, to or through agents, underwriters or dealers
or through a combination of such methods, including pursuant to standby arrangements, as described in the applicable prospectus supplement.

| 18 |

<div align='center'>DESCRIPTION OF UNITS</div>

We may issue units consisting of any combination of the other
types of securities offered under this prospectus in one or more series. We may evidence each series of units by unit certificates that
we will issue under a separate agreement. We may enter into unit agreements with a unit agent. Each unit agent will be a bank or trust
company that we select. We will