Financing ·
On August 3, 2026, HyOrc Corporation entered into Securities Purchase Agreements with Jefferson Street Capital LLC and…
HYORHyOrc Corp
On August 3, 2026, HyOrc Corporation entered into Securities Purchase Agreements with Jefferson Street Capital LLC and Lambda Ventures LLC to issue convertible promissory notes. The Company issued $70,200 in aggregate principal amount of Notes for a total purchase price of $65,000, reflecting an original issue discount of $2,600 per Note. Each Note carries a 12% one-time interest charge and matures twelve months from the issue date. Conversion is permitted at 77% of the lowest traded price over the preceding fifteen trading days. The Company issued 250,000 commitment shares to the investors, which are cancellable if notes are repaid within six months. Additionally, HyOrc entered into an Equity Purchase Agreement with Lambda Ventures allowing for up to $7,500,000 in future equity sales via Put Notices at a discount to market price, accompanied by 750,000 initial commitment shares and registration rights.