secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001096906-24-002230
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690624002230/0001096906-24-002230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690624002230/skyq-20241206.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-002230

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer