Sky Quarry Inc. (SKYQ): Nasdaq/NYSE listing notice — Sky Quarry receives Nasdaq bid price deficiency notice; FY2024 revenue $23.3M, net loss $14.7M

Sky Quarry Inc.

Nasdaq notified Sky Quarry that its stock bid price closed below $1.00 for 30 consecutive days; 180-day cure period until Sept 24, 2025.
FY2024 revenue of $23.3M, down 54% from $50.7M in 2023; gross loss of $1.4M vs $2.3M profit prior year.
Net loss for FY2024 widened to $14.7M from $4.4M in 2023; operating expenses increased to $6.1M from $3.7M.
Signed LOI with RB Residential Roofing to secure steady supply of post-consumer shingles for recycling.
Appointed Leo Womack and Todd Palin to Board; plans first ASR modular facility deployment in FY2025.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Sky Quarry Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

March 28, 2025, the Company received a letter (the “Nasdaq Staff Deficiency Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the prior 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until September 24, 2025, to regain compliance. The letter states that the Nasdaq staff will

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Sky Quarry Inc. filing history →

Source: SEC EDGAR

accession 0001096906-25-000416

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