Business Context and Reporting Period
Sky Quarry Inc. (Sky Quarry) filed this Form 8-K on July 30, 2026, to disclose the completion of its at-the-market (ATM) equity offering program. The Company is an emerging growth company incorporated in Delaware, with its principal executive office in Woods Cross, Utah. The report covers equity sales activities occurring between April 2026 and June 2026.
Key Financial Metrics
The filing details the successful sale of the full aggregate offering amount under the ATM Program. Key metrics include:
- Total Net Proceeds: Approximately $13,528,940.
- Total Shares Issued: Approximately 4,408,137 shares of Common Stock.
- Proceeds from Cantor Fitzgerald & Co.: Approximately $1,306,941 from the sale of 52,485 shares.
- Proceeds from Muriel Siebert & Co., LLC: Approximately $12,221,999 from the sale of 4,355,652 shares.
The filing text does not provide clear values for revenue, profit, operating cash flow, margins, debt levels, or liquidity ratios beyond the proceeds from this specific equity offering.
Material Changes
Significant changes reported include:
- Change in Sales Agent: On April 22, 2026, Muriel Siebert & Co., LLC replaced Cantor Fitzgerald & Co. as the sole designated sales agent under the ATM Program.
- Program Capacity Increase: The aggregate sales price limit was updated to up to $12,600,000, inclusive of remaining capacity from the prior program.
- Stock Split Adjustment: Share amounts reported have been adjusted to reflect a 1-for-8 reverse stock split that became effective on March 15, 2026.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard regulatory disclosures. The document notes that the information provided is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, limiting its incorporation by reference into other filings.
Investor Verification Checklist
- Verify the current share count and dilution impact of the 4,408,137 shares issued.
- Confirm the use of the $13.5 million in net proceeds as disclosed in subsequent financial statements.
- Review the impact of the 1-for-8 reverse stock split on historical financial data and per-share metrics.
- Check for any outstanding commitments or remaining capacity under the ATM Program, as the filing indicates the full aggregate amount was sold.