Business Context and Reporting Period
Sky Quarry Inc. (Nasdaq: SKYQ), an emerging growth company incorporated in Delaware, filed this Form 8-K on January 12, 2026. The report details the entry into a material definitive agreement to facilitate an "at-the-market" equity offering.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the authorization of a new capital raising mechanism.
Material Changes
On January 12, 2026, the Company entered into a Controlled Equity Offering SM Sales Agreement with Cantor Fitzgerald & Co. Key terms include:
- Offering Size: Up to $4,700,000 in aggregate sales price of common stock.
- Commission: The Agent is entitled to a commission of up to 3.0% of gross proceeds.
- Flexibility: The Company has no obligation to sell shares and may suspend or terminate the agreement at any time.
- Registration: Shares will be issued under a shelf registration statement (File No. 333-291721) declared effective on December 18, 2025.
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance or management commentary regarding future operational performance. The primary risk disclosed is the potential dilution to existing shareholders should the Company elect to sell shares under the Sales Agreement. The Company retains full discretion over the timing and volume of any sales.
Investor Verification Checklist
- Verify the current share price to assess potential dilution impact from the $4.7 million offering.
- Review the attached Sales Agreement (Exhibit 1.1) for specific termination rights and pricing mechanisms.
- Confirm the status of the underlying shelf registration statement (File No. 333-291721).
- Monitor future filings to determine if and when the Company elects to utilize this facility.