Sky Quarry Inc. Granted 180-Day Extension by Nasdaq to Regain $1.00 Minimum Bid Price Compliance
Reuters
Oct 01
Sky Quarry Inc. Granted 180-Day Extension by Nasdaq to Regain $1.00 Minimum Bid Price Compliance
**Sky Quarry Inc. Receives Extended Deadline to Regain Nasdaq Compliance** Sky Quarry Inc. announced that it has received an additional 180-day extension from Nasdaq to regain compliance with the exchange's minimum bid price requirement. The company had previously been notified on March 28, 2025, that its shares had closed below the required $1.00 per share for 30 consecutive business days, putting it out of compliance with Nasdaq Listing Rule 5550(a)(2). Sky Quarry now has until March 23, 2026, to meet the requirement. If the company's stock closes at or above $1.00 per share for at least ten consecutive business days before that date, it will return to compliance. Failure to do so could result in delisting, though the company would have the opportunity to appeal. Sky Quarry stated it is actively monitoring its share price and considering options to address the deficiency.
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