Every 8-K that Sky Quarry Inc. (SKYQ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SKYQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SKYQ filings page.
Sky Quarry Inc. (SKYQ) reported that its Board of Directors appointed Heidi C. Bowman, age 60, as Chief Financial Officer effective August 18, 2026. She is a strategic finance executive with over 20 years of experience, including roles at Hillair Capital, Barlock Capital private equity funds, and portfolio companies such as American Natural Energy Corporation and Creek Road Miners Inc.
Under an Employment Offer Letter effective August 18, 2026, Ms. Bowman will serve as CFO reporting to the CEO and receive a base salary of $18,500 per month. She will be eligible for quarterly bonuses in cash, equity, or both at the Compensation Committee’s discretion, with equity awards under the 2026 Omnibus Stock Plan or any successor plan. Her employment is at-will with either party able to terminate on at least thirty days’ written notice. The company states there are no family relationships or related-party transactions requiring disclosure.
Sky Quarry Inc. reports that between April 2026 and June 2026 it sold the full aggregate amount of common stock available under its at-the-market equity offering program pursuant to its current prospectus supplement to an effective Form S-3 shelf registration statement.
In total, the company issued approximately 4,408,137 shares of common stock under the program, generating aggregate net proceeds of approximately $13,528,940. This included 52,485 shares sold through Cantor Fitzgerald & Co. for net proceeds of approximately $1,306,941 and 4,355,652 shares sold through Muriel Siebert & Co., LLC for net proceeds of approximately $12,221,999. Share amounts for sales before the March 15, 2026 1-for-8 reverse stock split have been adjusted to reflect the split.
Sky Quarry Inc. reported that its Board of Directors, following a recommendation from the Compensation Committee, approved a one-time, discretionary cash award of $100,000 to Marcus Laun on July 15, 2026. The payment recognizes his service as President, interim Chief Executive Officer and interim Chief Financial Officer and his leadership in guiding the company through its growth initiatives.
The Executive Supplemental Award will be paid as a lump-sum cash payment and is granted outside of, and in addition to, the company’s annual incentive compensation program. Laun currently signs in his capacity as interim Chief Executive Officer, interim Chief Financial Officer and President.
Sky Quarry Inc. entered into a Conversion and Exchange Agreement with Libertas Funding to restructure $3,985,000 of outstanding merchant cash advance obligations into a new promissory note. This consolidates multiple future-receipts agreements into a single debt instrument.
The new note bears non-compounding interest at 8% per year and is repaid on a principal-first basis through escalating weekly payments, with optional prepayment allowed without penalty. Existing liens and security interests in favor of Libertas remain in place, and Sky Quarry is restricted from selling or pledging future receivables or material assets without Libertas’s consent.
As a condition of the deal, Interim CEO, CFO and President Marcus Laun provided a personal guarantee of all obligations under the note. The company agreed to indemnify him and reimburse any payments he makes under the guarantee with interest at 8% per year, an arrangement unanimously approved by the Board of Directors.
Sky Quarry Inc. is preparing to enter the production phase at its Eagle Springs/Foreland Refinery in Ely, Nevada, described as the state’s only operating refinery. Repairs and preparation work are largely complete, and the Company expects refinery operations to commence in July 2026.
The refinery has more than 100,000 barrels of total storage capacity and is entering operations with approximately 10,000 barrels of crude oil and in-process inventory already on-site. Management highlights a shift from a focus on repairs and financing toward production, customer deliveries, operating margins, and cash flow generation as Foreland ramps up.
Sky Quarry Inc. entered into an Amended and Restated Sales Agreement with Muriel Siebert & Co., LLC, replacing Cantor Fitzgerald & Co. as the sales agent for its at-the-market common stock offering program.
The company’s prospectus supplement now covers ATM share sales with an aggregate sales price of up to $12,600,000, increased from a prior $4,700,000 limit. Under the updated agreement, Siebert will use commercially reasonable efforts to sell shares and will receive a 3.0% commission on gross proceeds. Sky Quarry has no obligation to sell any shares and can suspend or terminate the program at any time.
Sky Quarry Inc. has entered into an exclusivity agreement in March 2026 with a counterparty to evaluate a potential acquisition of digital infrastructure assets. Discussions are ongoing, no definitive terms have been agreed, and no binding agreement has been signed.
The counterparty is allowed to consider alternative parties and may ultimately sign with another buyer. The company highlights that there is no assurance any transaction will be completed and cites risks such as access to capital, maintaining Nasdaq listing standards, managing outstanding loans, supply chain and commodity pressures, rising interest rates, and geopolitical tensions.
Sky Quarry Inc. reported that Nasdaq initially moved to delist its common stock after the shares failed to meet the $1.00 per share minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Trading was scheduled to be suspended on March 31, 2026. However, after the company implemented a 1-for-8 reverse stock split on March 15, 2026, the stock traded on a split-adjusted basis from March 16 and maintained the required minimum bid price for 10 consecutive business days. As a result, Nasdaq issued a compliance notice on March 30, 2026 confirming that Sky Quarry had regained compliance and that the delisting matter was closed.
Sky Quarry Inc. is implementing a 1-for-8 reverse stock split of its common stock. The split becomes effective at 11:59 p.m. Eastern Time on March 15, 2026, and the shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on March 16, 2026 under the symbol SKYQ.
Every eight pre-split shares will automatically convert into one post-split share, with no change to the number of authorized shares or the $0.0001 par value. No fractional shares will be issued; instead, any fractional amounts will be rounded up to the nearest whole share. The company states that the primary goal is to increase the per share market price to help regain compliance with Nasdaq’s minimum $1.00 average closing price requirement. Following the split, issued and outstanding shares are expected to decrease from 29,962,839 to approximately 3,752,874, and the new CUSIP number will be 83087C204.
Sky Quarry Inc. reported that directors Todd Palin and Leo Womack resigned from its Board of Directors, effective January 28, 2026. The company stated that neither resignation resulted from any disagreement regarding its operations, policies, or practices. Sky Quarry publicly thanked both individuals for their service and contributions to the Board.
Sky Quarry Inc. entered into a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., creating an at-the-market stock sales program of up to $4,700,000 in aggregate sales price. Under this arrangement, Sky Quarry may, from time to time, sell shares of its common stock through or to Cantor, which will act as sales agent or principal and receive a commission of up to 3.0% of the gross proceeds from each sale.
The company is not obligated to sell any shares and can suspend or terminate the program at any time. Any shares sold will be issued under Sky Quarry’s Form S-3 shelf registration statement that was declared effective by the SEC, with a related prospectus supplement filed to cover the at-the-market offering.
Sky Quarry Inc. terminated its purchase agreement with Varie Asset Management LLC, which had allowed the company to require Varie to buy up to $8,125,000 of Sky Quarry common stock over time. In return for this commitment, Varie previously received 366,260 shares of common stock when the agreement was signed.
Before ending the agreement on January 7, 2026, Sky Quarry did not require Varie to purchase any additional shares under its terms. The company states that immediate termination, with no penalties, is in its best interests as it focuses on exploring alternative financing plans.
On December 11, 2025, Sky Quarry Inc. issued 699,977 shares of its common stock to LendSpark Corporation to settle $491,384.00 owed by its wholly owned subsidiary, Foreland Refining Corporation, under a business loan and security agreement dated May 16, 2024.
Under a Settlement Agreement dated December 1, 2025, LendSpark is also entitled to receive an additional 699,977 shares in full settlement of all amounts due, and the company issued a further 70,000 shares of common stock to LendSpark for fees, with all such shares issued pursuant to Section 3(a)(10) of the Securities Act.
Sky Quarry Inc. (SKYQ) reported that its board of directors appointed three new independent directors on November 21, 2025: Robert Byrne, Alexander Monje and Omar Hussein. The board expanded earlier in 2025, and these appointments fill the resulting vacancies.
Byrne brings nearly three decades of experience in trading, capital markets and advisory work for micro- and small-cap issuers, with a focus on complex capital structures and financings. Monje is a partner and Chief Legal Officer at 10X Capital with a background in securities law, SPACs and public company board service. Hussein is a co-founder and Chief Strategic Officer of an AI-driven lending company and has previously served as CFO for companies preparing for IPOs and as an investment banker in TMT and M&A.
The company states that each new director is independent under Nasdaq Rule 5605(a)(2), will participate in the standard non-employee director compensation program, and has no appointment arrangements or related party transactions requiring disclosure.
Sky Quarry Inc. (SKYQ) reported results from its Annual Meeting, highlighted by a capital structure update. Stockholders approved amending the certificate of incorporation to increase authorized common stock from 100,000,000 to 2,000,000,000 shares, and the amendment became effective upon filing on November 5, 2025. Stockholders also authorized the Board, in its discretion, to implement a reverse stock split at a ratio of not less than 1-for-2 and not more than 1-for-25, with the exact ratio to be determined on or before April 30, 2027.
Four directors were elected. The 2020 Stock Plan share reserve was increased from 1,666,667 to 4,000,000 shares. Tanner LLC was ratified as independent auditor for the fiscal year ending December 31, 2025. As of the September 10, 2025 record date, 23,314,603 shares were outstanding and 12,534,781 shares were represented at the meeting, constituting a quorum.
Sky Quarry Inc. reports that its wholly owned subsidiary, Foreland Refining Corporation, is raising capital through an offering of Series A 10% Redeemable Preferred Stock under a Regulation C Reg CF offering. As of October 1, 2025, Foreland has sold 4,167 preferred shares for aggregate proceeds of $416,700, including 1,182 shares just completed, and may sell up to $1,235,000 of preferred stock at $100 per share.
The preferred shares pay a fixed 10% annual cash dividend, accruing from issuance and payable within 15 days after each calendar year-end. Holders also receive a royalty of $0.75 per barrel (per each $1 million of preferred stock, prorated) on crude oil refined and sold, with total annual returns capped at 25%, inclusive of the dividend. The preferred stock is non-convertible, has no voting rights, and ranks senior to Foreland’s junior and pari passu equity for dividends and redemptions.
The preferred must be redeemed after five years at liquidation preference, with Foreland having optional early redemption at premiums of 110%, 105%, or 103% of liquidation preference, depending on whether redemption occurs within the first 36 months, between 36–48 months, or between 48 months and the automatic redemption date.
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.
Sky Quarry Inc. reported a board change, noting that on September 10, 2025, director David Sealock submitted his resignation and the company accepted it. The filing does not describe any accompanying management changes or new director appointments, focusing solely on this departure from the board.
Sky Quarry Inc. reported two major developments. The company issued a convertible promissory note to Varie Asset Management LLC with a principal amount of $175,000. The note matures on August 29, 2027, carries a 14% annual interest rate, and can be converted into common stock at $0.48 per share, with a conversion price floor of $0.40 per share. Sky Quarry also granted Varie a warrant to purchase up to 70,000 common shares at $0.48 per share, exercisable immediately for 24 months.
Separately, a special committee of the board terminated Mr. Sealock as Chief Executive Officer for cause on August 28, 2025, under the terms of his employment agreement. The board appointed Marcus Laun, already serving as President, Interim CFO, Executive VP and Director, to also act as Interim Chief Executive Officer.
Sky Quarry Inc. reported a leadership change, announcing that its Chief Financial Officer, Darryl Delwo, resigned from the company effective August 4, 2025. The filing does not describe a replacement or additional changes, so the update is focused solely on this executive departure.