secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001096906-25-001206
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sky Quarry subsidiary issues $1M 30% secured note; issues 500k shares and 2M warrants to lender
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- $1,000,000 secured promissory note issued by Foreland Refining to KF Business Ventures, due Nov 24, 2025 at 30% annual interest.
- Sky Quarry issued 500,000 common shares and warrants to purchase 2,000,000 shares at $0.70/share (5-year term) as additional consideration.
- Note secured by all assets of subsidiary 2020 Resources LLC; Sky Quarry guaranteed the note.
- Company extended all previous KFBV warrants until July 24, 2029.
- At least 60% of proceeds from Reg CF offering must be allocated to note repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001206/0001096906-25-001206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001206/skyq-20250730.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-001206

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