Sky Quarry Inc. ("Sky Quarry," "SKYQ," or the "Company"), an oil production, refining, and development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and the remediation of oil-saturated sands and soils, today announced it raised $6,708,030 through the sale of 1,118,005 shares of its Common Stock priced at $6.00 per share. Sky Quarry expects the stock to begin trading on NASDAQ under the ticker symbol “SKYQ” on October 10, 2024.
“I would like to thank our 10,000+ individual investors who have believed in our Company and helped us get to this point in our journey. Looking ahead, we believe that our ECOSolv technology enables Sky Quarry to reduce the more than 15 million tons of waste asphalt shingles generated annually, the vast majority of which is dumped into U.S. landfills. By conserving resources, reducing landfill waste, and minimizing emissions, we are actively leading the energy transition towards more sustainable methods,” said David Sealock, Chief Executive Officer of Sky Quarry Inc.
Digital Offering, LLC, acted as the lead managing selling agent for the offering. “As pioneers in Regulation A+ and the JOBS Act for years, having developed a methodology that allows companies to reach a diverse audience of investors and trade on a National Securities Exchange, we are thrilled to be a part of this historic moment for Sky Quarry. Companies that utilize Regulation A+ for their initial capital raises can graduate to National Securities Exchanges to access the capital markets while providing liquidity to the initial supporters and investors,” said Mark Elenowitz, Managing Director of Digital Offering.
