Sky Quarry Clarifies CUSIP 83087C303 as Shares Jump 18.8%
Sky Quarry’s board approved a 1-for-8 reverse stock split effective March 15, 2026, with a corrected new CUSIP of 83087C303 for shares trading split-adjusted from March 16. Shares surged 18.84% in after-hours trading as the reverse split aims to regain Nasdaq compliance and attracts investor interest in domestic energy.
1. Reverse Stock Split Implementation
Sky Quarry’s Board of Directors approved a 1-for-8 reverse stock split, effective at 11:59 p.m. Eastern Time on March 15, 2026. Common Stock will trade on a split-adjusted basis under the existing symbol from the open on March 16.
2. CUSIP Clarification
An earlier release misstated the post-split CUSIP as 83087C204; the correct new CUSIP for Common Stock is 83087C303. All other terms of the reverse split remain unchanged.
3. After-Hours Share Movement
Following the split announcement and CUSIP clarification, shares jumped 18.84% in after-hours trading. The move reflects efforts to regain Nasdaq compliance and renewed investor interest in domestic energy producers.