Sky Quarry Inc. current report, Q2 FY2026

Business Context and Reporting Period

Sky Quarry Inc. (Nasdaq: SKYQ), an emerging growth company incorporated in Delaware, filed this Form 8-K on April 22, 2026. The filing discloses a material event under Item 7.01 (Regulation FD Disclosure) regarding the company's evaluation of a potential acquisition.

Key Financial Metrics

This filing does not contain specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a strategic development rather than financial performance results.

Material Changes and Strategic Developments

  • Exclusivity Agreement: In March 2026, the Company entered into an exclusivity agreement with a counterparty to evaluate a potential transaction involving the acquisition of digital infrastructure assets.
  • Transaction Status: Discussions are ongoing as of the filing date. No definitive terms have been agreed upon, and no definitive agreement has been executed.
  • Counterparty Activity: The counterparty is currently in discussions with a potential tenant regarding a long-term lease and is considering several financing options.
  • Exclusivity Limitations: The agreement permits the counterparty to consider alternative parties for the transaction, including entering into a definitive agreement with a party other than Sky Quarry Inc.

Outlook, Risks, and Management Commentary

Management emphasizes that there can be no assurance that discussions will result in a definitive agreement or the consummation of the transaction. The filing includes extensive forward-looking statements subject to significant risks and uncertainties, including:

  • Ability to implement business plans and secure a definitive agreement.
  • Access to capital and the status of financing for the potential transaction.
  • Compliance with Nasdaq listing standards and management of outstanding loans.
  • Macroeconomic factors such as rising interest rates, inflation, and supply chain disruptions.
  • Geopolitical tensions, including the impact of the Ukraine war and conflicts in the Middle East.

Investor Verification Checklist

  • Verify the terms of the exclusivity agreement and any potential termination clauses.
  • Monitor future filings for the execution of a definitive agreement or termination of discussions.
  • Review the Company's most recent Form 10-K (filed March 31, 2026) for current liquidity status and outstanding loan obligations.
  • Assess the Company's ability to secure financing given the counterparty's consideration of multiple options.
  • Confirm the Company's continued compliance with Nasdaq listing standards.