HyOrc Secures Another Highly Dilutive Convertible Note Financing for $118K Net Proceeds
HYOR has more than doubled off its 52-week low of $0.007.
Summary
HyOrc Corp obtained $118,000 in net proceeds from highly dilutive convertible notes, providing crucial liquidity but at a significant cost to existing shareholders.
Key Events · Financing and Capital Events · HYOR
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New Convertible Note Financing
HyOrc Corp received $118,000 in net proceeds from two convertible promissory notes, each with a principal amount of $67,500 and an original issue discount of $5,000.
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Highly Dilutive Conversion Terms
The notes are convertible at 77% of the lowest trading price during the 15 days prior to conversion, a mechanism that can lead to substantial dilution for existing shareholders.
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Immediate Share Issuance & Reservation
The company issued 250,000 commitment shares to investors and reserved up to 8,000,000 shares for future conversions, adding to potential dilution.
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Critical Liquidity Boost
This financing provides essential working capital for HyOrc Corp, which reported only $19,417 in cash in its last annual report and has received multiple going concern warnings.
Analysis · HYOR · Trade & Services
HyOrc Corp, facing severe liquidity issues and multiple going concern warnings, has secured an additional $118,000 in net proceeds through convertible promissory notes. While this provides a critical cash injection for a company that reported only $19,417 in cash in its last 10-K, the terms are highly dilutive. The notes convert at 77% of the lowest trading price over 15 days, a mechanism that can lead to significant shareholder dilution. Additionally, 250,000 commitment shares were issued immediately, and up to 8,000,000 shares are reserved for conversion, creating a substantial overhang on the stock.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 40.1% of the 1118 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. 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 $0.08 on OTC in the Trade & Services sector, with a market capitalization of approximately $63.8M. 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.