secwatch.observer — SEC 8-K summary
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Issuer:     HyOrc Corp (HYOR)
CIK:        0001070789
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001493152-26-011673
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HyOrc issues $150K convertible note to GS Capital Partners; conversion at 77% of low price
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- Issued $150,000 convertible promissory note to GS Capital Partners; net proceeds ~$135K after OID and expenses.
- Note matures September 13, 2026; convertible at 77% of lowest trading price in prior 10 trading days.
- Issued 250,000 shares as collateral (Returnable Shares) to be cancelled upon full repayment.
- Reserved up to 5,000,000 shares for conversion, indicating significant potential dilution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070789/000149315226011673/0001493152-26-011673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070789/000149315226011673/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-011673

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer