Monitor the March 2027 maturity date for potential further restructuring or default risk. The permanent vesting of 250,000 shares adds ongoing dilution. Watch for any additional amendments or new financing arrangements.
Price Chart
Executive Summary
HyOrc Corp entered into a First Amendment to Promissory Note and Securities Purchase Agreement with GS Capital Partners, LLC, extending the maturity date of a $150,000 promissory note from September 13, 2026 to March 13, 2027. The amendment added $15,000 to the principal balance (now $165,000), permanently vested 250,000 previously returnable shares in GS Capital, and acknowledged no event of default occurred from nonpayment on the original maturity date. This is a routine debt restructuring that provides short-term liquidity relief but increases the company's debt and dilution.
Key Financial Metrics
Key Facts
- Maturity date of $150,000 promissory note extended from September 13, 2026 to March 13, 2027
- Principal balance increased by $15,000 to $165,000, bearing 12% annual interest
- 250,000 shares of common stock previously issued as returnable shares permanently vested in GS Capital
- Company acknowledged no event of default occurred from nonpayment on original maturity date
- Amendment executed on September 13, 2026, filed on September 17, 2026
Financial Impact
Principal increased by $15,000 to $165,000 at 12% interest; 250,000 shares permanently diluted
Risk Factors
- Increased debt burden with $165,000 principal at 12% interest
- Permanent dilution from 250,000 shares vested with GS Capital
- Potential inability to repay at extended maturity date in March 2027
- Indicates ongoing cash constraints and reliance on high-cost financing
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-043048 |
| Document: 0001493152-26-043048-index-headers.html | 0001493152-26-043048 |
| Document: 0001493152-26-043048-index.html | 0001493152-26-043048 |
| Document: 0001493152-26-043048.txt | 0001493152-26-043048 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+5 | — | — |
Oct 8, 2026 18d ago | 10-Q/A | $0.0800 $0.0749 | ▼ −6.38% | ▼ −4.41% | $0.0741 (−7.37%) |
Oct 8, 2026 18d ago | 10-Q/A | $0.0800 $0.0749 | ▼ −6.38% | ▼ −4.41% | $0.0741 (−7.37%) |
Sep 17, 2026 5w ago | 8-K | $0.0699 $0.0721 | ▼ −3.15% | ▼ −2.30% | $0.0741 (−6.01%) |
Aug 10, 2026 11w ago | 8-K | $0.0574 $0.0749 | ▲ +30.49% | ▲ +30.53% | $0.0741 (+29.09%) |
Aug 10, 2026 11w ago | 8-K | $0.0574 $0.0749 | ▼ −30.49% | ▼ −30.53% | $0.0741 (−29.09%) |
May 14, 2026 23w ago | 8-K | $0.0844 $0.0765 | ▲ +9.37% | ▲ +8.65% | $0.0741 (+12.20%) |
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