Sky Quarry

[Closed for Investment] Sky Quarry is raising funds through Reg A+ crowdfunding with Digital Offering as the Broker-Dealer. It is an environmental remediation company that uses technology to recycle waste asphalt shingles and remediate oil-saturated sands and soils. Sky Quarry owns an oil sand remediation facility and a 100% interest in asphalt bitumen exploration leases in Utah. The company is helping to solve the 15 million ton problem of asphalt shingle waste and reported a 211% annual revenue growth as a result of operations at Foreland Refinery. David Sealock and Marcus Laun founded Sky Quarry in 2019. The current crowdfunding campaign has a maximum target of $20 million. The campaign proceeds will be used for debt repayment, retrofit of the PR Spring facility, ASR facility, and working capital.

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Investment Overview

Raised this Round: Raised: $4,972,308

Deal Terms

Total Commitments ($USD)

Platform
Digital Offering
Start Date
06/14/2024
Close Date
Not Provided
Min. Goal
$600
Max. Goal
$19,999,998
Min. Investment

$600

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$6.00

Company & Team

Company

Year Founded
2019
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
Salt Lake City, Utah
Company Website
Visit Website

Team

Employees
26

Financials

 Revenue
$0
 Monthly Burn
$21,394
 Runway
24+ months

Balance Sheet

Cash and Cash Equivalents

$1,065,142

Investment Securities

$0

Accounts and Notes Receivable

$3,543,777

Property, Plant and Equipment (PP&E)

$6,348,200

Property and Equipment

$6,348,200

Total Assets

$30,205,212

Long Term Debt

$288,309

Total Liabilities

$12,432,820

Total Stockholders' Equity

$17,772,393

Total Liabilities and Equity

$30,205,212

Statement of Comprehensive Income Information

Total Revenues

$12,418,517

Costs & Expenses Applicable to Rev

$10,116,377

Depreciation and Amortization

$60,562

Net Income

$-256,727

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: n/a
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/10/2024 Digital Offering - $4,972,308 Equity - Common Funded RegA+
04/30/2024 Digital Offering - - Equity - Preferred Funded RegD 506(c)
09/23/2022 Equifund $37,500,000 $18,200,000 Equity - Common Funded RegA+
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Sky Quarry on Digital Offering 2024
Platform: Digital Offering
Security Type: Equity - Common
Price per Share: $6.00

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