Sky Quarry Inc. (SKYQ) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 671.56% of current shares
Recent Dilution: 56.01% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.8M
Potential Supply
32M
Additional shares possible
Splits
None
Past 2 years

Summary

SKYQ currently has 4.79M outstanding shares. with significant dilution risk as 32.2M authorized shares could dilute existing holders by 671.6%. The company has significantly diluted shareholders by 56.01% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 4.8M shares outstanding

4.8M 32M
Mar 31, 2026

10-K filing | 3.8M shares outstanding

3.8M 33M
Dec 15, 2025

8-K filing: The company issued 699,977 shares of common stock to LendSpark Corporation pursuant to a settlement agreement, along with an additional 70,000 shares for fees. ($0.49M proceeds)

25M 12M
Nov 21, 2025

S-3 filing: This is an S-3 filing by Sky Quarry Inc. for a shelf offering of various securities, including common stock, preferred stock, debt securities, depositary shares, warrants, subscription rights, purchase contracts, and units, with an aggregate offering price not to exceed $1,000,000,000.

25M 12M
Nov 14, 2025

10-Q filing | 24.8M shares outstanding

25M 12M
Oct 06, 2025

8-K filing: Foreland Refining Corporation, a wholly-owned subsidiary of Sky Quarry Inc., completed the sale of 1,182 shares of Series A 10% Redeemable Preferred Stock for aggregate proceeds of $416,700 from the sale of 4,167 shares pursuant to a Regulation C offering. ($0.42M proceeds)

23M 14M
Sep 11, 2025

S-1/A filing: This S-1/A filing registers for resale 14,517,227 shares of common stock by a selling stockholder, including shares issuable upon conversion of convertible notes, exercise of warrants, and shares that may be sold pursuant to a purchase agreement.

23M 14M
Sep 04, 2025

8-K filing: The Company issued a convertible promissory note in the principal amount of $175,000 to Varie Asset Management LLC, convertible into shares of the Company's common stock at $0.48 per share, and issued a warrant to Varie to purchase up to 70,000 shares of the Company's common stock at an exercise price of $0.48 per share.

22M 0
Aug 14, 2025

10-Q filing | 22.5M shares outstanding

22M 0
Jul 30, 2025

8-K filing: Foreland Refining Corporation issued 500,000 shares of common stock to KF Business Ventures, LP in connection with a secured promissory note.

21M 0
Jul 15, 2025

8-K filing: Sky Quarry Inc. entered into a purchase agreement with Varie Asset Management LLC, committing Varie to purchase up to $8.125 million of the Company's common stock, and issued 366,260 shares of common stock to Varie as consideration for the commitment.

21M 0
May 15, 2025

10-Q filing | 21.4M shares outstanding

21M 0
Apr 08, 2025

8-K filing: The Company issued 1,125,087 shares of its common stock to Allegheny Manufacturing LLC in settlement of outstanding invoices in the aggregate amount of $567,943.66, plus an additional 37,000 shares of its common stock for fees incurred by Allegheny. ($0.57M proceeds)

20M 0
Mar 31, 2025

10-K filing | 20.0M shares outstanding

20M 0
Dec 06, 2024

8-K filing: The company issued a secured promissory note for $1,200,000 convertible into common stock at $0.84 per share, and a warrant to purchase up to 1,200,000 warrants at an exercise price of $0.84 per share.

19M 0
Nov 14, 2024

10-Q filing | 18.8M shares outstanding

19M 0
Oct 10, 2024

8-K filing: Sky Quarry Inc. completed an offering of 1,118,005 shares of common stock at $6.00 per share, resulting in gross proceeds of $6,708,030 before deducting commissions and expenses. ($6.71M proceeds)

N/A 0
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