Business Context and Reporting Period
Sky Quarry Inc. filed a Form 8-K dated September 18, 2026, reporting the results of its special meeting of stockholders held on that date. The company is listed on the Nasdaq Capital Market under the symbol SKYQ and identifies as an emerging growth company.
As of the July 24, 2026 record date, 8,808,017 shares of common stock were outstanding and entitled to vote. A total of 4,481,963 shares were represented at the meeting, constituting a quorum.
Key Financial and Operating Metrics
This filing is limited to shareholder voting matters and does not provide revenue, profit, cash flow, margin, debt, liquidity, or other financial performance metrics.
Material Changes Versus the Prior Comparable Period
The filing does not present a prior-period comparison. The material developments reported are shareholder approvals for two potential reverse stock splits and the 2026 Omnibus Incentive Plan.
Voting Results, Outlook, and Unusual Items
- First reverse stock split: Approved by a majority of votes cast, but not by a majority of outstanding shares. The board may implement a reverse split at a ratio from 1-for-2 to 1-for-25, on or before the second anniversary of approval.
- Second reverse stock split: Approved by a majority of votes cast, but not by a majority of outstanding shares. The board may implement a second reverse split at a ratio from 1-for-2 to 1-for-25 after the first split becomes effective and on or before the second anniversary of approval.
- 2026 Omnibus Incentive Plan: Approved by stockholders.
- Adjournment: Approved, permitting one or more adjournments if necessary to solicit additional proxies for Proposals 1, 2, and 3.
The filing does not provide management guidance or a broader business outlook. The principal investor consideration is that approval of the reverse splits authorizes, but does not require, the board to implement them. The filing also contains an apparent drafting inconsistency: the description of Proposal 2 refers to it as “Proposal 1.”
Vote Detail
| Proposal | For | Against | Abstained | Broker Non-Votes | Result |
|---|---|---|---|---|---|
| First reverse stock split | 3,678,019 | 710,157 | 93,787 | 0 | Approved by majority of votes cast |
| Second reverse stock split | 3,600,553 | 777,756 | 103,652 | 0 | Approved by majority of votes cast |
| 2026 Omnibus Incentive Plan | 2,041,965 | 378,858 | 110,799 | 1,950,340 | Approved |
| Adjournment | 3,658,519 | 646,051 | 177,394 | 0 | Approved |
Important Facts for Investors to Verify
- Whether and when the board exercises either reverse-split authorization.
- The exact reverse-split ratio selected, if implemented, and the resulting share count.
- The terms, share reserve, and potential dilution associated with the 2026 Omnibus Incentive Plan.
- The distinction between approval by a majority of votes cast and approval by a majority of outstanding shares for Proposals 1 and 2.
- Any subsequent SEC filing announcing effectiveness of a reverse split or related charter amendment.