Sky Quarry regains Nasdaq compliance after minimum bid-price breach notice

Reuters
Mar 31
Sky Quarry regains Nasdaq compliance after minimum bid-price breach notice
  • Nasdaq notified Sky Quarry on March 24 that it planned to delist shares for failing to meet $1 minimum bid requirement under Listing Rule 5550(a)(2).
  • Trading suspension was set for market open on March 31.
  • Nasdaq issued a compliance notice on March 30, closing matter after shares held above $1 for 10 consecutive business days.
  • Company executed 1-for-8 reverse stock split on March 15; shares began trading on split-adjusted basis on March 16.


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