{"filing":{"accession_number":"0001096906-26-001038","cik":"0001812447","ticker":"SKYQ","company_name":"Sky Quarry Inc.","form":"8-K","filing_date":"2026-07-02","report_date":null,"primary_document":"skyq-20260629_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1812447/000109690626001038/skyq-20260629_8k.htm"},"events":[{"id":15781,"run_id":14075,"accession_number":"0001096906-26-001038","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Sky Quarry entered into a Conversion and Exchange Agreement on June 29, 2026, converting $3,985,000 in merchant cash advance obligations into a new promissory note bearing 8% interest with escalating weekly payments and restrictive covenants, including a personal guarantee by the CEO. This restructuring creates a new direct financial obligation with significant repayment obligations and restrictions on asset sales and receivables pledging.","company_name":"Sky Quarry Inc.","ticker":"SKYQ","filing_date":"2026-07-02","form":"8-K","submitted_at":null,"items":[{"id":13670,"accession_number":"0001096906-26-001038","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Sky Quarry entered into a Conversion and Exchange Agreement on June 29, 2026, converting $3,985,000 in merchant cash advance obligations into a new promissory note bearing 8% interest with escalating weekly payments and restrictive covenants. This constitutes creation of a new direct financial obligation—a debt issuance—even though it restructures existing obligations. The transaction is material as it imposes significant repayment obligations, restricts asset sales and receivables pledging, and includes a personal guarantee by the CEO, affecting the company's financial flexibility and investor risk assessment.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T18:26:41.734545+00:00","company_name":"","ticker":null,"filing_date":""},{"id":13672,"accession_number":"0001096906-26-001038","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances, credit facilities, or term loans. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions or transactions that create new financial obligations. This is a material event affecting the registrant's capital structure and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T18:26:41.734545+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":15782,"run_id":14075,"accession_number":"0001096906-26-001038","anchor_item_number":"1.02","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"summary":"Sky Quarry terminated a material definitive agreement as disclosed in Item 1.02, which incorporates Item 1.01 by reference. The termination of this material agreement signals a material change in the registrant's strategic position or transaction arrangement.","company_name":"Sky Quarry Inc.","ticker":"SKYQ","filing_date":"2026-07-02","form":"8-K","submitted_at":null,"items":[{"id":13671,"accession_number":"0001096906-26-001038","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 1.02 discloses termination of a material definitive agreement and incorporates Item 1.01 by reference. Item 1.01 typically covers entry into material agreements or M\u0026A activity. The termination of a material definitive agreement—particularly one cross-referenced to Item 1.01—signals a material change in a transaction or strategic arrangement. This is most appropriately classified as M\u0026A activity (or a related material transaction event), as the termination of such an agreement would materially affect investor assessment of the registrant's strategic position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T18:26:41.734545+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":13670,"accession_number":"0001096906-26-001038","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Sky Quarry entered into a Conversion and Exchange Agreement on June 29, 2026, converting $3,985,000 in merchant cash advance obligations into a new promissory note bearing 8% interest with escalating weekly payments and restrictive covenants. This constitutes creation of a new direct financial obligation—a debt issuance—even though it restructures existing obligations. The transaction is material as it imposes significant repayment obligations, restricts asset sales and receivables pledging, and includes a personal guarantee by the CEO, affecting the company's financial flexibility and investor risk assessment.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T18:26:41.734545+00:00","company_name":"Sky Quarry Inc.","ticker":"SKYQ","filing_date":"2026-07-02"},{"id":13671,"accession_number":"0001096906-26-001038","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Item 1.02 discloses termination of a material definitive agreement and incorporates Item 1.01 by reference. Item 1.01 typically covers entry into material agreements or M\u0026A activity. The termination of a material definitive agreement—particularly one cross-referenced to Item 1.01—signals a material change in a transaction or strategic arrangement. This is most appropriately classified as M\u0026A activity (or a related material transaction event), as the termination of such an agreement would materially affect investor assessment of the registrant's strategic position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T18:26:41.734545+00:00","company_name":"Sky Quarry Inc.","ticker":"SKYQ","filing_date":"2026-07-02"},{"id":13672,"accession_number":"0001096906-26-001038","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances, credit facilities, or term loans. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions or transactions that create new financial obligations. This is a material event affecting the registrant's capital structure and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T18:26:41.734545+00:00","company_name":"Sky Quarry Inc.","ticker":"SKYQ","filing_date":"2026-07-02"}]}