secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001096906-25-001647
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Foreland Refining raises $416,700 in Series A Preferred Stock offering
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- Subsidiary completed sale of 4,167 shares of 10% redeemable preferred stock at $100/share ($416,700 proceeds).
- Offering targets up to $1,235,000; Foreland intends to continue selling remaining shares.
- Preferred stock pays 10% annual dividend plus $0.75 royalty per barrel of crude oil refined and sold.
- Automatic redemption after 5 years; early redemption at 110%-103% of liquidation preference.
- Shareholders have no voting rights; preferred stock is not convertible into common equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001647/0001096906-25-001647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690625001647/skyq-20251006_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-001647

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