Sky Quarry Expands ATM to $14.6M After Exhausting Prior $12.6M Program
SKYQ has more than doubled off its 52-week low of $1.1 on light trading volume (0.1× avg).
Summary
Sky Quarry exhausted its $12.6M ATM program and is expanding it by $2.0M to $14.6M, providing critical runway amid zero revenue and a going concern warning.
Key Events · Financing and Capital Events · SKYQ
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ATM Program Expanded to $14.6M
Maximum aggregate offering price increased from $12.6M to $14.6M, adding $2.0M in new sales capacity under the A&R Sales Agreement with Siebert.
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Prior ATM Fully Exhausted
Approximately $12.6M sold through Siebert under the prior prospectus, plus approximately $1.34M sold earlier through Cantor Fitzgerald — total ATM sales exceed $13.9M.
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Dilution Risk for Existing Holders
Additional share sales will further dilute existing shareholders; the company has zero revenue, a $4.1M quarterly net loss, and a going concern warning.
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S-3 Capacity Constraint
Form S-3 General Instruction I.B.6 caps total 12-month primary offering proceeds at approximately $15.99M based on a $47.96M public float.
Analysis · SKYQ · Energy & Transportation
Sky Quarry has fully exhausted its $12.6 million ATM program and is now expanding it by $2.0 million to $14.6 million. The company has zero revenue, a $4.1 million quarterly net loss, and a going concern warning — so this additional capacity is survival capital, but it comes at the cost of further dilution to existing shareholders. The filing also reveals the company sold approximately $1.34 million through Cantor Fitzgerald before switching to Siebert, meaning total ATM sales to date exceed $13.9 million.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SKYQ was trading at $2.76 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $24.4M. The 52-week trading range was $1.10 to $19.45. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.