---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-24-002230"
form_type: "8-K"
ticker: "SKYQ"
cik: "0001812447"
company_name: "Sky Quarry Inc."
filed_at: "2024-12-06T23:59:59+00:00"
generated_at: "2026-05-29T06:41:49.804215+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sky Quarry issues $1.2M secured convertible note to KF Business Ventures; issues warrant for 1.2M shares

## Summary
- Note principal $1.2M, convertible at $0.84/share, interest 1.5%/month, matures March 2, 2025.
- Warrant for 1,200,000 shares at $0.83/share, exercisable for 5 years.
- Security: 2020 Resources LLC pledges two Solar Centaur 40 turbines via security agreement.
- Advisory agreement with KFBV: 6-month term, $21,000/month (half cash, half common stock).
- Repayment priority from any future securities offering of at least $4M; prepayment requires interest to maturity.

## SEC filing metadata
- accession: 0001096906-24-002230
- form_type: 8-K
- ticker: SKYQ
- cik: 0001812447
- company_name: Sky Quarry Inc.
- filed_at: 2024-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812447/000109690624002230/0001096906-24-002230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812447/000109690624002230/skyq-20241206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-24-002230
- JSON: https://secwatch.observer/filing/0001096906-24-002230.json
- Plain text: https://secwatch.observer/filing/0001096906-24-002230.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.