secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0001096906-25-001480
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sky Quarry terminates CEO Sealock for cause, appoints Laun interim; issues $175K convertible note
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- CEO R. Michael Sealock terminated for cause on Aug 28, 2025; Marcus Laun appointed interim CEO.
- Issued $175,000 convertible promissory note to Varie Asset Management LLC, 12% interest, matures Aug 29, 2027.
- Conversion price $0.48/share (floor $0.40); warrant for 70,000 shares at $0.48 per share exercisable 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001480/0001096906-25-001480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001480/skyq-20250904_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-001480

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