secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2025-07-15T23:59:59+00:00
Accession:  0001096906-25-001147
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sky Quarry enters $8.125M equity line with Varie at 97% of market price, floor $0.62
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- Varie commits to purchase up to $8.125M of common stock over 24 months at Company's discretion.
- Purchase price is 97% of lower of lowest sale price on purchase date or avg of 3 lowest closing prices in prior 10 days, not below $0.62 per share.
- Company issued 366,260 commitment shares; may issue up to 183,131 additional commitment shares tied to further purchases.
- Monthly fee of $12,000 payable to Varie after effectiveness of registration statement.
- Regular purchase limits: 40,000 shares per day, rising to 100,000 if stock price above $2.00, max $300,000 per purchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001147/0001096906-25-001147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001147/skyq-20250715.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-001147

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