Sky Quarry gets extra time on Nasdaq bid rule

Sky Quarry Inc. reports that Nasdaq has granted an additional 180 days, until March 23, 2026, to regain compliance with the $1.00 per share minimum bid price required for continued listing on the Nasdaq Capital Market.

Rhea-AI Filing Summary

Sky Quarry Inc. reports that Nasdaq has granted an additional 180 days, until March 23, 2026, to regain compliance with the $1.00 per share minimum bid price required for continued listing on the Nasdaq Capital Market.

The company previously fell below the $1.00 minimum for 30 consecutive business days, triggering noncompliance, but currently meets Nasdaq’s other continued listing and initial listing standards. Sky Quarry must now lift its closing bid price to at least $1.00 for a minimum of ten consecutive business days before the new deadline or face a delisting notice, which it could then appeal. The company states it is monitoring its stock price and may consider options to restore compliance.

Positive

• None.

Negative

• Sky Quarry remains out of compliance with Nasdaq’s $1.00 minimum bid price rule and faces potential delisting of its common stock if it does not regain compliance by March 23, 2026.

Insights

Equity market structure specialist

Sky Quarry remains at risk of Nasdaq delisting despite a 180‑day extension.

Sky Quarry Inc. discloses that Nasdaq has given it until March 23, 2026 to regain compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The trigger was a period of 30 consecutive business days with a closing bid below this level, indicating sustained price weakness in its common stock.

Nasdaq’s extension reflects that the company meets all other Nasdaq Capital Market criteria, including market value of publicly held shares, and has notified Nasdaq of its intent to cure the deficiency. However, if the stock does not close at or above $1.00 for at least ten consecutive business days before March 23, 2026, Nasdaq will issue a delisting notice, which the company could appeal to a Hearings Panel.

The situation centers on trading performance rather than operations, but loss of a Nasdaq listing could affect liquidity and investor access. Investors tracking this name will likely pay close attention to whether the share price achieves the required ten‑day trading period above $1.00 ahead of the stated deadline.

8-K Event Classification

2 items: 3.01, 9.01

2 items

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sky Quarry Inc. (SKYQ) announce regarding its Nasdaq listing?

Sky Quarry Inc. reported that Nasdaq granted an additional 180 days, until March 23, 2026, for the company to regain compliance with the $1.00 minimum bid price requirement for its common stock.

Why is Sky Quarry Inc. (SKYQ) out of compliance with Nasdaq rules?

The company became noncompliant with Nasdaq Listing Rule 5550(a)(2) because the closing bid price of its common stock was below $1.00 per share for 30 consecutive business days, violating the minimum bid price standard.

What conditions must Sky Quarry (SKYQ) meet to regain Nasdaq compliance?

To regain compliance, the closing bid price of Sky Quarry’s common stock must be at least $1.00 per share for a minimum of ten consecutive business days, or for a longer period if Nasdaq so requires, before March 23, 2026.

What happens if Sky Quarry Inc. (SKYQ) fails to meet the $1.00 bid requirement by March 23, 2026?

If the company does not regain compliance by March 23, 2026, Nasdaq will send written notice that its common stock will be delisted, and Sky Quarry would then have the option to appeal the determination to a Hearings Panel.

Does Sky Quarry (SKYQ) meet other Nasdaq listing requirements?

Yes. Nasdaq’s decision to grant the extension was based on Sky Quarry meeting the continued listing requirement for market value of publicly held shares and all other applicable initial listing requirements for the Nasdaq Capital Market, except the minimum bid price rule.

How does Sky Quarry Inc. plan to address the Nasdaq bid price deficiency?

Sky Quarry states that it intends to continue actively monitoring the closing bid price of its common stock and may consider available options to regain compliance with the minimum bid price requirement during the extended period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 09/30/2025 - 01:03 PM Learn about SEC filing dates

0001812447 false 0001812447 2025-09-30 2025-09-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 30, 2025 (September 25, 2025)

SKY QUARRY INC.

(Exact name of registrant as specified in its charter)

Delaware		001-42296		84-1803091
(State or other		(Commission		(I.R.S. Employer
jurisdiction of incorporation)		File Number)		Identification No.)
707 W. 700 South, Suite 1 Woods Cross, UT 84087 (Address of principal executive offices)  (zip code)
(424) 394-1090 (Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001	SKYQ	Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 25, 2025, Sky Quarry Inc. (the “Company”) received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has been granted an additional 180-day period, or until March 23, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”).

As previously disclosed, on March 28, 2025, the Company was notified by Nasdaq that it was not in compliance with the Minimum Bid Price Requirement because the closing bid price of the Company’s common stock had closed below $1.00 per share for 30 consecutive business days. The Company was provided an initial 180-day compliance period, which was scheduled to expire on September 24, 2025.

Nasdaq’s determination to grant the additional 180-day compliance period was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the Minimum Bid Price Requirement, and the Company’s written notification to Nasdaq of its intent to cure the deficiency during the additional compliance period.

If at any time before March 23, 2026, the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days (or for such longer period as Nasdaq may require), Nasdaq will provide written confirmation that the Company has achieved compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance by March 23, 2026, Nasdaq will provide written notification to the Company that its common stock will be delisted. At that time, the Company may appeal Nasdaq’s determination to a Hearings Panel.

The Company intends to continue actively monitoring the closing bid price of its common stock and may, if necessary, consider available options to regain compliance with the Minimum Bid Price Requirement.

Section 9 – Financial Statements and Exhibits.

Item 9.01Financial Statements and Exhibits. 

(d)Exhibits 

None.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

	Sky Quarry Inc.
Dated: September 30, 2025	By:  /s/Marcus Laun
	Name:Marcus Laun
	Title:President

2