regulatory
confidence high
sentiment negative
materiality 0.70
Nasdaq grants Sky Quarry 180-day extension to March 2026 for $1 minimum bid compliance
Sky Quarry Inc.
- Nasdaq granted additional 180 days until March 23, 2026, to regain compliance with Minimum Bid Price Requirement (Rule 5550(a)(2)).
- Company was initially notified of non-compliance on March 28, 2025, after 30 consecutive business days below $1.00 per share.
- To cure, SKYQ's closing bid price must be at least $1.00 for ten consecutive business days before the new deadline.
- Company meets all other Nasdaq Capital Market continued listing requirements; failure to cure may lead to delisting.
- Management will monitor bid price and consider available options; appeal rights exist if a delisting notice issues.
item 3.01item 9.01