# HyOrc Corp (HYOR) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_12c18bc42dc2fbc16ce2 · retrieved 2026-08-14T01:24:48.089Z

## Overview
HyOrc Corporation is an engineering services company providing specialized technical services.

On August 3, 2026, HyOrc Corporation issued convertible promissory notes totaling $70,200 in principal amount to two investors: Jefferson Street Capital LLC and Lambda Ventures LLC, each receiving $35,100. The notes were issued at a purchase price of $32,500 each (with a $2,600 original issue discount per note) and carry a one-time interest charge of 12% of principal, maturing twelve months from issuance. Beginning six months after issuance, each holder may convert outstanding principal and interest into common stock at a conversion price equal to 77% of the lowest traded price during the fifteen trading days preceding conversion. The Company also issued 125,000 restricted commitment shares to each investor (250,000 total), which are subject to cancellation if the corresponding note is fully satisfied within six months of issuance.

## Terms
- Deal value: $70,200 · Consideration: mixed

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001493152-26-036791): 8-K - HyOrc Corp — *HyOrc Corporation is an engineering services company providing specialized technical services.* On August 3, 2026, HyOrc Corporation issued convertible promissory notes totaling $70,200 in principal amount to two investors: Jefferson Street Capital LLC and Lambda Ventures LLC, each receiving $35,100. The notes were issued at a purchase price of $32,500 each (with a $2,600 original issue discount per note) and carry a one-time interest charge of 12% of principal, maturing twelve months from issuance. Beginning six months after issuance, each holder may convert outstanding principal and interest into common stock at a conversion price equal to 77% of the lowest traded price during the fifteen trading days preceding conversion. The Company also issued 125,000 restricted commitment shares to each investor (250,000 total), which are subject to cancellation if the corresponding note is fully satisfied within six months of issuance.
  https://www.sec.gov/Archives/edgar/data/1070789/0001493152-26-036791.txt

## Citations
- 0001493152-26-036791 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036791