HyOrc Secures $135K via Highly Dilutive Convertible Note with Toxic Conversion Terms
HYOR has more than doubled off its 52-week low of $0.007 on light trading volume (0.3× avg).
Summary
HyOrc Corp entered into a Securities Purchase Agreement for a $150,000 convertible promissory note, providing $135,000 in net proceeds, but featuring a highly dilutive conversion price tied to future lowest trading prices.
Key Events · Financing and Capital Events · HYOR
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Convertible Note Issued
HyOrc Corp entered into a Securities Purchase Agreement for a $150,000 convertible promissory note with GS Capital Partners, LLC on March 13, 2026.
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Net Proceeds Received
The company received net proceeds of $135,000 after an $11,000 original issue discount and approximately $4,000 in legal and transaction-related expenses.
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Highly Dilutive Conversion Terms
The note is convertible into common stock at 77% of the lowest trading price during the ten trading days prior to conversion, posing a significant dilution risk to existing shareholders.
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Substantial Share Reserve
The company agreed to reserve up to 5,000,000 shares of its common stock for issuance upon conversion of the note.
Analysis · HYOR · Trade & Services
This financing provides a modest capital infusion of $135,000 to HyOrc Corp, which is critical for a company of its size. However, the terms of the convertible promissory note are highly unfavorable for existing shareholders. The conversion price, set at 77% of the lowest trading price over ten days prior to conversion, creates a significant risk of substantial dilution. This "death spiral" mechanism means that as the stock price declines, more shares are required to satisfy the conversion, potentially accelerating further price drops. The company has also reserved up to 5,000,000 shares for conversion, indicating a large potential overhang on the stock. This aggressive financing suggests a pressing need for capital despite recent positive operational news. Investors should be aware of the significant dilutive pressure this agreement could exert on the stock.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HYOR was trading at $0.10 on OTC in the Trade & Services sector, with a market capitalization of approximately $72.2M. The 52-week trading range was $0.01 to $0.23. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.