Sky Quarry Inc. Announces 1-for-8 Reverse Stock Split: What Investors Need to Know

Woods Cross, UT – March 5, 2026 – Sky Quarry Inc. (“Sky Quarry” or the “Company”), an integrated energy solutions company focused on transforming the waste recycling industry, has announced a significant corporate action: a 1-for-8 reverse stock split of its common shares. This move, approved by the Board of Directors and previously authorized by shareholders, is a critical development for current and prospective investors.

Key Points from the Announcement

• Reverse Stock Split Ratio: The Company will implement a 1-for-8 reverse stock split, meaning every eight shares of common stock will be automatically combined and converted into one share.
• Effective Date and Trading: The reverse split will become effective at 11:59 p.m. Eastern Time on March 15, 2026. Trading on a split-adjusted basis will begin on the Nasdaq Capital Market at the market open on March 16, 2026, under the same ticker symbol “SKYQ”.
• Shareholder Approval and Board Discretion: Stockholders approved the amendment for a reverse split with a ratio between 1-for-2 and 1-for-25 at a special meeting on February 19, 2026, giving the Board final discretion on the ratio and timing. The Board chose 1-for-8 to meet Nasdaq requirements.
• Reason for Split: The primary goal is to increase the per-share market price of Sky Quarry’s common stock to regain compliance with Nasdaq’s minimum \$1.00 average closing price requirement for continued listing.
• Impact on Shares Outstanding: Prior to the reverse split, there are 29,962,839 shares outstanding. Post-split, the Company expects approximately 3,752,874 shares outstanding (subject to rounding of fractional shares).
• No Change to Authorized Shares or Par Value: The reverse split will not reduce the number of authorized shares or change the par value of the common stock.
• Fractional Shares: No fractional shares will be issued. Instead, any fractional shares resulting from the split will be rounded up to the nearest whole share for all registered holders. No cash payments will be made in lieu of fractional shares.
• New CUSIP Number: The post-split common stock will have a new CUSIP number: 83087C204.
• Action Required by Shareholders: Registered shareholders holding shares in book-entry form through Colonial Stock Transfer, Inc. do not need to take any action. Those holding shares via brokerage or other nominee accounts will have their positions automatically adjusted according to the nominee’s processes.

Important Considerations for Investors

• Potential Impact on Share Price: Reverse splits typically result in an immediate increase in the per-share price but do not impact the underlying market capitalization of the company. Investors should note that while this may help Sky Quarry regain Nasdaq compliance, it does not address fundamental business performance.
• Uniform Effect: All shareholders will be affected uniformly, and the reverse split will not affect any shareholder’s ownership percentage, except as adjusted for rounding up of fractional shares.
• Nasdaq Compliance: Regaining compliance with Nasdaq listing standards is critical for the stock’s liquidity and investor confidence. Failure to meet these requirements could result in delisting.
• Forward-Looking Risks: The Company explicitly notes that forward-looking statements are subject to a variety of risks, including the ability to maintain listing compliance, changes in laws or regulations, and general business or economic risks. Detailed risk factors are available in the Company’s Annual Report on Form 10-K and other SEC filings.

About the Company

Sky Quarry Inc. is headquartered in Woods Cross, Utah, and is engaged in providing integrated energy solutions focused on waste recycling. More information is available on their website.

Contact Information

Investor and Media Contact:
Jennifer Standley, Director of Investor Relations
[email protected]
www.skyquarry.com

Disclaimer: This article is for informational purposes only and is not intended as investment advice. Investors should perform their own due diligence and consult a financial advisor before making investment decisions. Forward-looking statements are inherently uncertain and actual results may differ materially. Sky Quarry Inc. does not undertake any obligation to update forward-looking statements except as required by law.

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