Financing ·
HyOrc Corporation entered into a First Amendment to its Promissory Note and Securities Purchase Agreement with GS…
HYORHyOrc Corp
HyOrc Corporation entered into a First Amendment to its Promissory Note and Securities Purchase Agreement with GS Capital Partners, LLC on September 13, 2026. The amendment extends the maturity date of the $150,000 note from September 13, 2026, to March 13, 2027. In consideration for this extension, $15,000 was added to the principal balance, bringing the total outstanding debt to $165,000, which continues to accrue interest at 12% per annum. Additionally, 250,000 shares of common stock previously held as returnable shares were permanently transferred to GS Capital, eliminating the company's right to require their return or cancellation. The amendment was effective prior to any Event of Default related to nonpayment on the original maturity date. HyOrc Corporation operates in the energy sector, specifically focusing on oil and gas exploration and production.