---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-25-002043"
form_type: "8-K"
ticker: "SKYQ"
cik: "0001812447"
company_name: "Sky Quarry Inc."
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:14:51.450504+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sky Quarry issues ~1.47M shares to settle $491K debt owed by subsidiary to LendSpark

## Summary
- Issued 699,977 initial shares plus 699,977 additional shares to LendSpark for $491,384 debt of wholly-owned subsidiary Foreland Refining.
- Also issued 70,000 shares as settlement fee; all shares are freely tradable under Section 3(a)(10) of Securities Act.
- Settlement agreement dated Dec 1, 2025; court approval obtained; company reserves 3.2M shares for issuance.
- Additional shares may be issued upon conversion at a price based on lower of prior day closing or 5-day average closing price.
- Leak-out provision limits LendSpark's daily sales to 20% of trading volume.

## SEC filing metadata
- accession: 0001096906-25-002043
- form_type: 8-K
- ticker: SKYQ
- cik: 0001812447
- company_name: Sky Quarry Inc.
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812447/000109690625002043/0001096906-25-002043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812447/000109690625002043/skyq-20251215_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-002043
- JSON: https://secwatch.observer/filing/0001096906-25-002043.json
- Plain text: https://secwatch.observer/filing/0001096906-25-002043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.