STOCK TITAN

Genvor borrows $20K and $10K from directors

Both notes carry 15% annual interest and mature on April 8, 2027; neither is convertible into Genvor equity.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Genvor Inc. received $20,000 from Dr. Jesse Jaynes, a Board member and Chief Scientific Officer, and $10,000 from Dr. Clayton Yates, a Board member, in exchange for promissory notes issued October 16, 2026. Both directors provided the funds on October 8, 2026.

Each note includes a 2% original issue discount. The original principal amounts due are $20,408.16 under the Jaynes Note and $10,204.08 under the Yates Note. Both notes accrue interest at 15% per annum, mature on April 8, 2027, and are not convertible into Genvor equity.

Filing Explained

At June 30, 2026, Genvor reported $196,522 in cash and $304,744 in quarterly operating cash outflow; at that outflow rate, the cash equaled 58.7 days, providing the liquidity backdrop for the notes disclosed here.

Sources and calculations
  • Available liquidity against the last reported quarterly operating outflow, in days at that rate $196,522 / ($304,744 / 91) = 58.7 days
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Funding from Dr. Jesse Jaynes $20,000 Provided to Genvor on October 8, 2026
Original principal due under the Jaynes Note $20,408.16 Promissory note issued October 16, 2026
Funding from Dr. Clayton Yates $10,000 Provided to Genvor on October 8, 2026
Original principal due under the Yates Note $10,204.08 Promissory note issued October 16, 2026
Interest rate 15% per annum Applies to both notes
Original issue discount 2% Applies to both notes
original issue discount financial
"includes a 2% original issue discount"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
per annum financial
"at the rate of 15% per annum"
A Latin phrase meaning "per year," used to express amounts, rates or changes on an annual basis—for example interest rates, growth rates, fees, or yields. It tells you how much something accumulates or is charged over one year, which lets investors compare different time-based figures on the same yearly scale. Think of it like saying "miles per year" for a car: it converts various short-term measures into a single annual number.
promissory note financial
"issued to Dr. Jesse Jaynes a promissory note"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Genvor borrow from Dr. Jesse Jaynes and Dr. Clayton Yates?

Genvor received $20,000 from Dr. Jesse Jaynes and $10,000 from Dr. Clayton Yates on October 8, 2026, and issued each a promissory note on October 16, 2026. The original principal amounts due are $20,408.16 and $10,204.08, respectively.

What are the terms of GNVR's notes to Jaynes and Yates?

Both notes accrue interest at 15% per annum, mature on April 8, 2027, and are not convertible into Genvor equity. Each note has a 2% original issue discount.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report: October 16, 2026

 

GENVOR INCORPORATED

(Exact name of Registrant as specified in its Charter)

 

Nevada   000-56589   83-2054746
(State or Other Jurisdiction   (Commission File Number)   (I.R.S. Employer
of Incorporation)       Identification No.)

 

1550 W Horizon Ridge Pkwy, Ste R #3040

Henderson, NV 89012

(Address of Principal Executive Offices)

 

(715) 903-6473

(Registrant’s Telephone Number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see general instruction A.2. below):

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐Soliciting material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

Title of each class   Trading Symbols(s)   Name of each exchange on which registered
N/A   N/A   N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On October 16, 2026, Genvor Incorporated (the “Company”) issued to Dr. Jesse Jaynes, a member of the Company’s Board of Directors and the Company’s Chief Scientific Officer, a promissory note (the “Jaynes Note”), in consideration of Dr. Jaynes’ funding of $20,000 to the Company on October 8, 2026. The Jaynes Note includes a 2% original issue discount such that the original principal amount due to be paid to Dr. Jaynes is $20,408.16. The Jaynes Note accrues interest at the rate of 15% per annum, matures on April 8, 2027 (six months after funding), and is not convertible into equity of the Company.

 

On October 16, 2026, the Company issued to Dr. Clayton Yates, a member of the Company’s Board of Directors, a promissory note (the “Yates Note”), in consideration of Dr. Yates’ funding of $10,000 to the Company on October 8, 2026. The Yates Note includes a 2% original issue discount such that the original principal amount due to be paid to Dr. Yates is $10,204.08. The Yates Note accrues interest at the rate of 15% per annum, matures on April 8, 2027 (six months after funding), and is not convertible into equity of the Company.

 

The foregoing descriptions of the Jaynes Note and the Yates Note do not purport to be complete and are qualified in their entirety by reference to the full text of those promissory notes, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and incorporated by reference herein.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
10.1   Promissory Note, dated October 8, 2026, by the Company to Dr. Jesse Jaynes *
     
10.2   Promissory Note, dated October 8, 2026, by the Company to Dr. Clayton Yates *
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

*Filed herewith.

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: October 19, 2026

 

  GENVOR INCORPORATED
     
  By: /s/ Chad Pawlak 
  Name: Chad Pawlak
  Title: Chief Executive Officer

 

2

Filing Exhibits & Attachments

5 documents

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