2026-03-30 21:38:51
Sky Quarry Inc. Regains Compliance with Nasdaq Listing Rule After Delisting Notice
Expected Stock impact: Slightly Positive
On March 24, 2026, Sky Quarry Inc. received a notification from the Nasdaq Stock Market regarding the delisting of its common stock due to non-compliance with the minimum bid price requirement. The company was informed that its common stock, trading under the symbol SKYQ, would be suspended from trading effective March 31, 2026. This notification was a result of the stock trading below the required minimum bid price of $1.00 per share for 30 consecutive business days. However, in a positive turn of events, Sky Quarry announced on March 30, 2026, that it had regained compliance with the Nasdaq Listing Rule 5550(a)(2). This compliance was achieved after the company executed a one-for-eight reverse stock split on March 15, 2026, which allowed the stock to maintain the minimum bid price for 10 consecutive business days. The company’s ability to regain compliance is expected to stabilize its stock price and restore investor confidence, which could have a small positive effect on the stock price moving forward. The company continues to operate as an emerging growth company and is committed to meeting all regulatory requirements to maintain its listing on the Nasdaq Capital Market.
