Sky Quarry Amends 10-K for Securities Description, Stock Plan
Ticker: SKYQ · Form: 10-K/A · Filed: Jun 17, 2025 · CIK: 1812447
| Field | Detail |
|---|---|
| Company | Sky Quarry Inc. (SKYQ) |
| Form Type | 10-K/A |
| Filed Date | Jun 17, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K/A, SEC Filing, Corporate Governance, Stock Plan, Securities Description, Regulatory Compliance, Hazardous Waste Management
Related Tickers: SKYQ
TL;DR
**SKYQ's 10-K/A is a non-event, just administrative paperwork for securities and stock plans, so don't expect any market-moving news.**
AI Summary
Sky Quarry Inc. (SKYQ) filed Amendment No. 2 on Form 10-K/A for the year ended December 31, 2024, solely to include its 'Description of Securities' as Exhibit 4.1 and the '2020 Stock Plan, as amended' as Exhibit 10.1. This filing, dated June 17, 2025, makes no other changes to the financial statements or operational disclosures previously reported in the Original 10-K filed on March 31, 2025, or Amendment No. 1 filed on April 21, 2025. The company's primary business remains hazardous waste management, operating out of Woods Cross, UT. As this amendment is purely administrative, there are no new disclosures regarding revenue, net income, or significant business changes. The strategic outlook and key risks are presumed to be consistent with the previously filed 10-K and 10-K/A, which are incorporated by reference. The company's common stock, with a par value of $0.0001, is traded on the Nasdaq Capital Market under the symbol SKYQ.
Why It Matters
This 10-K/A filing is a routine administrative update for Sky Quarry Inc., primarily impacting regulatory compliance and internal governance rather than immediate financial performance. For investors, it clarifies the terms of the company's securities and its employee stock plan, which can be important for understanding potential dilution or executive compensation structures. Employees benefit from the formalization of the 2020 Stock Plan, providing clarity on their equity incentives. Customers and the broader market are largely unaffected by this specific amendment, as it does not alter the company's hazardous waste management operations or competitive standing against rivals in the environmental services sector.
Risk Assessment
Risk Level: low — The risk level is low because this 10-K/A is explicitly filed 'solely to file' two exhibits: the 'Description of Securities' and the '2020 Stock Plan, as amended.' The filing states, 'No other changes have been made,' indicating no new financial, operational, or material risks are being disclosed or altered from the original 10-K filed on March 31, 2025.
Analyst Insight
Investors should view this 10-K/A as a non-material update, confirming Sky Quarry's ongoing regulatory compliance. No immediate investment action is warranted based on this filing alone, as it provides no new financial or operational data to reassess the company's valuation or prospects.
Key Numbers
- 2024-12-31 — Fiscal Year End (Period covered by the amended annual report)
- 2025-06-17 — Filing Date (Date this Amendment No. 2 on Form 10-K/A was filed)
- 2025-03-31 — Original 10-K Filing Date (Date the initial Annual Report on Form 10-K was filed)
- 2025-04-21 — 10-K/A Amendment No. 1 Filing Date (Date the first amendment to the 10-K was filed)
- Exhibit 4.1 — Description of Securities (New exhibit filed with this 10-K/A)
- Exhibit 10.1 — 2020 Stock Plan, as amended (New exhibit filed with this 10-K/A)
Key Players & Entities
- Sky Quarry Inc. (company) — registrant filing the 10-K/A
- SEC (regulator) — recipient of the 10-K/A filing
- Nasdaq Capital Market (company) — exchange where SKYQ common stock is registered
- United States Securities and Exchange Commission (regulator) — regulatory body overseeing the filing
- $0.0001 (dollar_amount) — par value of Sky Quarry Inc.'s Common Stock
- 001-42296 (regulator) — Commission File No. for Sky Quarry Inc.
- 84-1803091 (company) — I.R.S. Employer Identification No. for Sky Quarry Inc.
- Delaware (company) — State of incorporation for Sky Quarry Inc.
- 707 W 700 S., Suite 101 Woods Cross, UT 84087 (company) — Principal Executive Offices address for Sky Quarry Inc.
- 424-394-1090 (company) — Registrant's telephone number for Sky Quarry Inc.
FAQ
What is the purpose of Sky Quarry Inc.'s 10-K/A filing on June 17, 2025?
Sky Quarry Inc. filed this Amendment No. 2 on Form 10-K/A solely to include its 'Description of Securities' as Exhibit 4.1 and the '2020 Stock Plan, as amended' as Exhibit 10.1 for the year ended December 31, 2024.
Does this 10-K/A filing for Sky Quarry Inc. contain new financial information?
No, the filing explicitly states that 'No other changes have been made' to the company's Annual Report on Form 10-K originally filed on March 31, 2025, or Amendment No. 1 filed on April 21, 2025. Therefore, it does not contain new financial information.
What exhibits were added to Sky Quarry Inc.'s 10-K/A?
The 10-K/A added two specific exhibits: Exhibit 4.1, which is the 'Description of Securities,' and Exhibit 10.1, which is the '2020 Stock Plan, as amended.'
When was Sky Quarry Inc.'s original 10-K filed?
Sky Quarry Inc.'s original Annual Report on Form 10-K was filed with the United States Securities and Exchange Commission on March 31, 2025.
What is Sky Quarry Inc.'s primary business?
Sky Quarry Inc. operates in the Hazardous Waste Management industry, as indicated by its Standard Industrial Classification (SIC) code 4955.
Where is Sky Quarry Inc. incorporated and where are its principal offices?
Sky Quarry Inc. is incorporated in Delaware, and its principal executive offices are located at 707 W 700 S., Suite 101, Woods Cross, UT 84087.
What is the trading symbol and exchange for Sky Quarry Inc. common stock?
Sky Quarry Inc.'s common stock trades under the symbol SKYQ on the Nasdaq Capital Market.
Is Sky Quarry Inc. considered a well-known seasoned issuer?
No, the filing indicates with a checkmark that Sky Quarry Inc. is not a well-known seasoned issuer as defined in Rule 405 of the Securities Act.
Has Sky Quarry Inc. filed all required reports in the past 12 months?
Yes, the registrant has indicated by check mark that it has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.
What is the fiscal year end for Sky Quarry Inc.?
The fiscal year end for Sky Quarry Inc. is December 31, as stated in the filing for the year ended December 31, 2024.
Industry Context
Sky Quarry Inc. operates in the hazardous waste management sector, a critical but highly regulated industry. The sector involves specialized services for the treatment, storage, and disposal of hazardous materials. Companies in this space face significant competition from both large, established players and smaller, regional operators, all while navigating stringent environmental regulations.
Regulatory Implications
As a hazardous waste management company, Sky Quarry Inc. is subject to extensive environmental regulations at federal, state, and local levels. Compliance with these regulations is paramount and can involve significant operational costs and potential liabilities. Any changes in environmental policy or enforcement can directly impact the company's operations and financial performance.
What Investors Should Do
- Review Original 10-K and Amendment No. 1
- Monitor Future Filings for Operational Updates
Key Dates
- 2024-12-31: Fiscal Year End — Marks the end of the reporting period for the annual report.
- 2025-03-31: Original 10-K Filing Date — The initial filing of the annual report for the fiscal year ended December 31, 2024.
- 2025-04-21: 10-K/A Amendment No. 1 Filing Date — The first amendment to the original 10-K filing.
- 2025-06-17: 10-K/A Amendment No. 2 Filing Date — This amendment was filed solely to include exhibits related to the company's securities and stock plan.
Glossary
- 10-K/A
- An amendment to a company's annual report on Form 10-K, used to correct or supplement information previously filed. (This filing is an amendment to Sky Quarry Inc.'s 2024 annual report.)
- Exhibit 4.1
- A standardized exhibit number used in SEC filings to denote the 'Description of Securities'. (This exhibit was added in Amendment No. 2 to the 10-K.)
- Exhibit 10.1
- A standardized exhibit number used in SEC filings to denote material agreements, such as executive compensation plans or stock plans. (The '2020 Stock Plan, as amended' was filed as this exhibit in Amendment No. 2.)
- Nasdaq Capital Market
- A tier of the Nasdaq stock exchange that lists smaller companies with lower market capitalization and share prices. (Sky Quarry Inc.'s common stock (SKYQ) is traded on this market.)
Year-Over-Year Comparison
This filing, Amendment No. 2 to the 10-K, is purely administrative and does not introduce any new financial data or operational disclosures. Therefore, there are no changes to report in key metrics such as revenue, net income, or margins compared to the previously filed Original 10-K (March 31, 2025) or Amendment No. 1 (April 21, 2025). The company's financial and operational status remains as previously reported.
Filing Details
This Form 10-K/A (Form 10-K/A) was filed with the SEC on June 17, 2025 regarding Sky Quarry Inc. (SKYQ).