SKYQ · Sky Quarry Inc.

Sky Quarry Inc. faced imminent delisting from Nasdaq Capital Market after failing to meet the minimum $1.00 bid price requirement under Listing Rule 5550(a)(2) for extended periods, with the second 180-day compliance window expiring March 23, 2026. The company proactively addressed this by implementing a 1-for-8 reverse stock split on March 15, 2026, enabling the common stock to trade on an adjusted basis from March 16 and sustain the required bid price for 10 consecutive business days. This timely action led to Nasdaq's Compliance Notice on March 30, 2026, closing the matter and preventing the scheduled trading suspension on March 31. Investors benefit from continued Nasdaq listing, avoiding transfer to over-the-counter markets which could increase volatility and reduce liquidity.