Sky Quarry Inc. Issues Clarification Regarding New CUSIP Following 1-for-8 Reverse Stock Split

Rhea-AI Summary

Sky Quarry (Nasdaq: SKYQ) clarified the correct new CUSIP following its 1-for-8 reverse stock split. The Reverse Stock Split, approved March 5, 2026, became effective at 11:59 p.m. ET on March 15, 2026, with split-adjusted trading beginning March 16, 2026.

The Company corrected the previously misstated CUSIP: the proper post-split CUSIP for Common Stock is 83087C303 (not 83087C204). The existing ticker SKYQ remains unchanged and all other prior information stands.

Positive

• Reverse stock split completed: 1-for-8
• Split-adjusted trading began on March 16, 2026
• Ticker unchanged: SKYQ

Negative

• Prior press release misstated new CUSIP as 83087C204
• Incorrect CUSIP risked shareholder/trading confusion before correction

Key Figures

Reverse split ratio: 1-for-8 Post-split shares: 3,752,874 shares Pre-split shares: 29,962,839 shares +5 more

8 metrics

Reverse split ratio 1-for-8 Common stock reverse split effective March 15, 2026

Post-split shares 3,752,874 shares Expected issued and outstanding after reverse split

Pre-split shares 29,962,839 shares Issued and outstanding before reverse split

New CUSIP 83087C303 Correct CUSIP for common stock after reverse split

Shelf capacity $1,000,000,000 Maximum aggregate offering amount under Form S-3 shelf

ATM program size $4,700,000 At-the-market common stock sales agreement with Cantor

ATM illustrative shares 6,833,382 shares Shares modeled at $0.6878 to raise $4.7M under ATM

Shelf term 2025-11-21 to 2028-11-21 S-3 shelf effective period per provided data

Market Reality Check

Price: $0.3492 Vol: Volume 1,546,913 is below...

low vol

$0.3492 Last Close

Volume Volume 1,546,913 is below the 20-day average of 3,046,841 (relative volume 0.51). low

Technical Price at 0.3492 is trading below the 200-day MA of 0.48 and well under the 1.94 52-week high.

Peers on Argus

Sector context shows mixed moves among related names and scanner data citing 2 p...

2 Up 2 Down

Sector context shows mixed moves among related names and scanner data citing 2 peers moving up (median 18.2%) alongside others down, while SKYQ’s latest move was -0.23%, making sector versus stock-specific influences unclear.

Common Catalyst No same-day peer news headlines were recorded; scanner activity points to broader sector dynamics rather than a shared corporate catalyst.

Previous Stock split Reports

1 past event · Latest: Mar 05 (Neutral)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Mar 05	Reverse stock split	Neutral	-37.7%	Board approved 1-for-8 reverse split to support Nasdaq price compliance.

Pattern Detected

The only prior stock-split-related announcement saw a sharp negative reaction despite its focus on regaining Nasdaq compliance.

Recent Company History

In recent months, Sky Quarry has focused on capital markets and operational positioning. A prior 1-for-8 reverse stock split announcement on Mar 05, 2026 aimed to lift the share price for Nasdaq compliance and implied a reduction in outstanding shares to about 3,752,874. Today’s clarification simply corrects the post-split CUSIP and leaves all other split mechanics unchanged, fitting within this broader capital-structure adjustment theme.

Historical Comparison

-37.7% avg move · Over the past 12 months, SKYQ has had 1 prior stock-split-related event with an average move of -37....

stock split

-37.7%

Average Historical Move stock split

Over the past 12 months, SKYQ has had 1 prior stock-split-related event with an average move of -37.74%. Today’s CUSIP clarification is administratively linked to that reverse split rather than a new valuation catalyst.

The company moved from announcing a 1-for-8 reverse split toward implementation details and now a correction of the post-split CUSIP, reflecting execution and clean-up around the same capital-structure action.

Regulatory & Risk Context

Active S-3 Shelf · $1,000,000,000

Shelf Active

Active S-3 Shelf Registration 2025-11-21

$1,000,000,000 registered capacity

An effective Form S-3 shelf filed on 2025-11-21 allows Sky Quarry to issue up to $1,000,000,000 in various securities over time, which, alongside the existing at-the-market program of up to $4,700,000, provides significant financing flexibility and potential future equity or debt issuance capacity.

Market Pulse Summary

This announcement corrects the post-reverse-split CUSIP to 83087C303 and leaves all mechanics of the...

Analysis

This announcement corrects the post-reverse-split CUSIP to 83087C303 and leaves all mechanics of the previously approved 1-for-8 split unchanged. It fits into a broader pattern of capital-structure and financing actions, including a $1,000,000,000 Form S-3 shelf and a $4,700,000 at-the-market program. Investors may watch how these tools are used alongside the reduced post-split share count of about 3,752,874.

Key Terms

cusip, reverse stock split, nasdaq capital market

3 terms

cusip financial

"press release to clarify the new CUSIP number for the Company's shares"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

reverse stock split financial

"following the previously announced 1-for-8 reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

nasdaq capital market financial

"trading on the Nasdaq Capital Market on a split-adjusted basis"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. Not financial advice.

WOODS CROSS, UT / ACCESS Newswire / March 13, 2026 / Sky Quarry Inc. ("Sky Quarry" or the "Company") (Nasdaq Capital Market:SKYQ), an integrated energy solutions company transforming the waste recycling industry, today issued this press release to clarify the new CUSIP number for the Company's shares of Common Stock, par value $0.0001 per share (the "Common Stock"), following the previously announced 1-for-8 reverse stock split (the "Reverse Stock Split").

As previously announced on March 5, 2026, the Company's Board of Directors approved the Reverse Stock Split, which became effective at 11:59 p.m. Eastern Time on March 15, 2026, with the Company's Common Stock trading on the Nasdaq Capital Market on a split-adjusted basis beginning March 16, 2026, under the existing ticker symbol "SKYQ".

The Company's press release dated March 5, 2026 announcing the Reverse Stock Split inadvertently stated that the new CUSIP number for the Common Stock following the Reverse Stock Split would be 83087C204. The Company wishes to clarify that the correct new CUSIP number for the Common Stock following the Reverse Stock Split is 83087C303. All other information in the original press release remains unchanged.

About Sky Quarry Inc.

Sky Quarry Inc. is an integrated energy solutions company transforming the waste recycling industry. The Company is headquartered in Woods Cross, Utah. For more information, please visit the Company's website.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon current expectations, estimates, projections, and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company's ability to regain compliance with the Nasdaq continued listing standards; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business and/or competitive factors; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission on March 31, 2025 (as amended), and other documents the Company has filed with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not undertake, and expressly disclaims, any duty to update these forward-looking statements, except as otherwise required by applicable law.

Investor and Media Contacts

Sky Quarry Inc.
Jennifer Standley
Director of Investor Relations
Ir@skyquarry.com
www.skyquarry.com

SOURCE: Sky Quarry

View the original press release on ACCESS Newswire

FAQ

What CUSIP did Sky Quarry (SKYQ) confirm after the 1-for-8 reverse split on March 15, 2026?

The correct post-split CUSIP is 83087C303. According to the company, the earlier notice incorrectly listed 83087C204 and this release clarifies the correct number.

When did Sky Quarry's (SKYQ) 1-for-8 reverse stock split become effective?

The Reverse Stock Split became effective at 11:59 p.m. ET on March 15, 2026. According to the company, split-adjusted trading began on March 16, 2026 under the same ticker.

Will Sky Quarry (SKYQ) change its Nasdaq ticker after the reverse split?

No, the company's Nasdaq ticker remains SKYQ. According to the company, only the CUSIP was corrected while the ticker and other terms remain unchanged.

How does the corrected CUSIP 83087C303 affect Sky Quarry shareholders?

The correction clarifies the post-split security identifier for trading and settlement. According to the company, shareholders should use CUSIP 83087C303 for post-split records.

Why did Sky Quarry (SKYQ) issue this clarification on March 13, 2026?

The company issued the clarification after identifying a misstated CUSIP in its March 5 announcement. According to the company, the intent was to prevent any confusion ahead of the split effective date.

Did anything else change about Sky Quarry's common stock besides the CUSIP after the 1-for-8 split?

No other changes were reported; the split ratio, timing, and ticker remain as previously announced. According to the company, all other information from the prior release remains unchanged.