HyOrc Corp Extends Promissory Note with GS Capital

What Happened
HyOrc Corporation announced it 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 of the $150,000 note issued March 13, 2026 from September 13, 2026 to March 13, 2027, increases the principal by $15,000 to $165,000, and keeps the existing 12% per annum interest rate.

Key Details

• Amendment date: September 13, 2026; original note date: March 13, 2026.
• Principal increased from $150,000 to $165,000 (addition of $15,000).
• Maturity extended from September 13, 2026 to March 13, 2027; interest remains 12% per year.
• 250,000 shares previously issued as returnable shares to GS Capital will no longer be returnable and will remain GS Capital’s property; HyOrc gives up any right to require their return or cancellation. GS Capital affirmed no Event of Default will arise solely from nonpayment on the original maturity date.

Why It Matters
This amendment postpones a near-term debt payment and modestly increases HyOrc’s outstanding short-term debt, giving the company six more months to address the obligation. Investors should note the added $15,000 principal, unchanged 12% interest cost, and the permanent transfer of 250,000 shares to GS Capital, which affects HyOrc’s potential equity recapture. These are material changes to the company’s financing terms and capital structure disclosed in the 8-K.