Sky Quarry

Sky Quarry

Early Stage

Converting toxic waste asphalt shingles into zero-cost oil

Converting toxic waste asphalt shingles into zero-cost oil

Overview

Raised to Date: Raised: $18,200,000

Total Commitments ($USD)

Platform

Equifund

Start Date

11/23/2021

Close Date

Not Provided

Min. Goal
$1,000
Max. Goal
$18,750,000
Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$37,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/29/2022

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$60,066

Momentum
Funded
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Year Founded

2019

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Salt Lake City, Utah

Business Type

Growth

Sky Quarry, with a valuation of $37.5 million, is raising funds on Equifund CFP through Reg A+ crowdfunding. It is an environmental remediation company that uses technology to recycle waste asphalt shingles and remediate oil-saturated sands and soils. The company owns an oil sands remediation facility and 100% interest in asphalt bitumen exploration leases in Utah. David Sealock founded Sky Quarry in 2019. The current crowdfunding campaign has no minimum target and a maximum target of $18,750,000. The campaign proceeds will be used for capital equipment costs, development and engineering costs, and other costs for the PR Spring facility and ASR facility.

Balance Sheet

Cash and Cash Equivalents

$401,022

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$7,857

Loans

$0

Property, Plant and Equipment (PP&E)

$344,079

Property and Equipment

$0

Total Assets

$4,061,733

Accounts Payable & Accrued Liabilities

$598,891

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$1,491,531

Total Liabilities

$3,786,449

Total Stockholders' Equity

$275,283

Total Liabilities and Equity

$4,061,733

Statement of Comprehensive Income Information

Total Revenues

$20,000

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$500,548

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-480,548

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: 0.00
Financials as of: 11/23/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Sky Quarry 04/29/2024 Digital Offering - - Equity - Preferred Active RegD 506(c)
Sky Quarry 09/22/2022 Equifund $37,500,000 $18,200,000 Equity - Common Funded RegA+
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Price per Share History

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

Valuation History

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.

Employee History

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Sky Quarry on Equifund CFP 2021
Platform: Equifund
Security Type: Equity - Common
Valuation: $37,500,000
Price per Share: $1.25

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