secwatch.observer — SEC 8-K summary
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Issuer:     Sky Quarry Inc. (SKYQ)
CIK:        0001812447
Form:       8-K
Filed at:   2026-10-09T00:00:02+00:00
Accession:  0001096906-26-001527
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Sky Quarry to issue stock to LendSpark to settle $638,998 claim under court-approved 3(a)(10) agreement
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- Sky Quarry will issue Settlement Shares plus 6,000 Settlement Fee Shares to LendSpark to satisfy $638,998.00 in past-due liabilities under the Oct. 1, 2026 Settlement Agreement.
- Conversion price is the lower of the closing price the day before initial conversion or the five-day average closing price; Settlement Shares issue in up to two tranches.
- The Circuit Court of the Twelfth Judicial Circuit in DeSoto County, Florida approved the deal in Case No. 2026 CA 529 after an Oct. 2, 2026 fairness hearing.
- LendSpark is capped at 4.99% beneficial ownership and daily resales of 20% of trading volume; Sky Quarry must reserve at least 500,000 shares initially.
- About 8,770,000 shares of Common Stock were outstanding as of Sept. 15, 2026; the settlement also resolves a related California action.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812447/000109690626001527/0001096906-26-001527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812447/000109690626001527/skyq-20261002_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-26-001527

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