SplitAug 6, 2026, 06:09 AM
Sky Quarry Seeks Approval for Two Reverse Stock Splits
AI Summary
Sky Quarry Inc. announced a Special Meeting of Stockholders on September 18, 2026, to vote on two separate reverse stock splits. Each proposed split would have a ratio between 1-for-2 and 1-for-25, with the Board having discretion over the exact ratio and timing, primarily to maintain the company's Nasdaq listing by increasing its per-share price. Stockholders will also consider approving the 2026 Omnibus Incentive Plan and potential meeting adjournments.
Key Highlights
- Stockholders to vote on two reverse stock splits, each 1-for-2 to 1-for-25.
- Board of Directors retains discretion on exact ratio and timing for each split.
- The proposed splits aim to maintain Nasdaq listing by increasing per-share price.
- Potential aggregate reverse stock split ratio could be up to 1:625.
- Stockholders will also vote on the Sky Quarry Inc. 2026 Omnibus Incentive Plan.
- A Special Meeting of Stockholders is scheduled for September 18, 2026.
- The record date for voting was fixed as July 24, 2026.
- There were 8,808,017 shares of common stock outstanding on the record date.
Price Impact
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