Core Viewpoint - Sky Quarry Inc. has announced a 1-for-8 reverse stock split to increase its share price and comply with Nasdaq listing requirements [1] Company Announcement - The reverse stock split will be effective at 11:59 p.m. Eastern Time on March 15, 2026, with trading on a split-adjusted basis starting March 16, 2026 [1] - The Board of Directors approved the reverse stock split after stockholders authorized a split ratio between 1-for-2 and 1-for-25 at a special meeting on November 4, 2025 [1] - The primary goal of the reverse stock split is to raise the average closing price of the Common Stock to meet the minimum $1.00 requirement for continued Nasdaq listing [1] Share Structure - Prior to the reverse stock split, there are 29,962,839 shares of Common Stock outstanding, which will reduce to approximately 3,752,874 shares post-split [1] - The reverse stock split will not change the number of authorized shares or the par value of the Common Stock [1] - Fractional shares will be rounded up to the nearest whole share, and no cash will be paid for fractional shares [1] Company Background - Sky Quarry Inc. is an integrated energy solutions company focused on transforming the waste recycling industry, headquartered in Woods Cross, Utah [1]
Sky Quarry Inc. Announces 1-for-8 Reverse Stock Split