IPO - Sky Quarry Inc.

Form Type: S-1

Filing Date: 2025-07-18

Corporate Action: Ipo

Type: New

Accession Number: 000109690625001161

Filing Summary: Sky Quarry Inc. has filed a registration statement on Form S-1 with the SEC for the proposed public offering of up to 13,834,230 shares of common stock. This sale is being conducted by Varie Asset Management, LLC, who is identified as the Selling Stockholder. This includes 120,000 shares from a Convertible Note, 60,000 shares from a Warrant issued to the Selling Stockholder, and 13,654,230 shares for which they may purchase from Sky Quarry under a Purchase Agreement. The stock offering is in line with the SEC regulations and aims to facilitate the recycling of waste materials and oil production, which ties into the company's environmental remediation objectives. The company is classified as an emerging growth company and has outlined various use of proceeds and risk factors associated with investing in these securities. The offering price is subject to change and depends on market pricing, while the company will not receive any proceeds from the Selling Stockholder's sale of shares. The common stock is listed on The Nasdaq Capital Market under the symbol 'SKYQ'.