SCHEDULE 13G: Allegheny Manufacturing Discloses 5.9% Passive Stake in Sky Quarry Inc.

Allegheny Manufacturing, LLC has disclosed a passive beneficial ownership of 5.9% of Sky Quarry Inc.'s common stock, totaling 1,184,593 shares.

Summary

• Allegheny Manufacturing, LLC has filed a Schedule 13G with the SEC, reporting beneficial ownership of common stock in Sky Quarry Inc.
• The filing indicates that Allegheny Manufacturing, LLC beneficially owns 1,184,593 shares of Sky Quarry Inc.'s common stock.
• This ownership represents 5.9% of the total class of Sky Quarry Inc. common stock outstanding.
• Allegheny Manufacturing, LLC holds sole voting power and sole dispositive power over all 1,184,593 shares.
• The filing was made under Rule 13d-1(c), signifying that the shares were not acquired and are not held for the purpose of changing or influencing the control of the issuer, indicating a passive investment intent.

Sentiment

Score: 5

Explanation: The document is a factual regulatory disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the issuer's performance or prospects. The sentiment is neutral as it simply reports a passive stake.

Positives

• The filing provides transparency regarding a significant ownership stake in Sky Quarry Inc., enhancing market visibility.
• Allegheny Manufacturing, LLC's certification confirms a passive investment intent, which may reduce concerns about potential activist interventions or control changes.

Negatives

• The document itself does not contain any negative information regarding Sky Quarry Inc. or Allegheny Manufacturing, LLC.

Risks

• The document does not explicitly mention any specific risks related to Sky Quarry Inc. or Allegheny Manufacturing, LLC's investment.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Sky Quarry Inc.'s future performance or Allegheny Manufacturing, LLC's future investment plans beyond the current beneficial ownership disclosure.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

The filing of a Schedule 13G indicates that Allegheny Manufacturing, LLC has acquired a significant, passive stake in Sky Quarry Inc. Such disclosures are common for institutional investors or large shareholders who cross the 5% ownership threshold and do not intend to influence or change control of the company. This provides market transparency regarding major shareholders and is a routine regulatory compliance event.

Stakeholder Impact

• Shareholders: Provides transparency regarding a new significant passive investor in Sky Quarry Inc.
• Company Management: Informs management of a new large shareholder, though one that has certified a passive investment intent.

Key Dates

Keywords

Sky Quarry Inc., Allegheny Manufacturing LLC, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Institutional Investor