HyOrc Corp. received notice from ONENERGY GREENPOWER EAD and ON ENERGY EOOD stating that HyOrc’s participation in a proposed Bulgarian waste-to-methanol project would discontinue after the parties’ joint grant application was unsuccessful. The notice followed an agreement dated March 23, 2026.
HyOrc Corp (HYOR) amended its financing with GS Capital Partners, LLC by entering into a First Amendment to its Promissory Note and Securities Purchase Agreement. The original $150,000 note dated March 13, 2026 had its maturity date extended from September 13, 2026 to March 13, 2027.
In exchange for the extension, $15,000 was added to the principal, increasing the note’s balance to $165,000, which continues to bear interest at 12% per annum. Additionally, the 250,000 shares of common stock previously issued to GS Capital as returnable shares will now remain GS Capital’s property, with no further right for HyOrc to require their return or cancellation.
GS Capital acknowledged that the extension and related amendments were effective before any Event of Default for nonpayment on the original maturity date and agreed that no Event of Default will arise solely from HyOrc not paying the note on September 13, 2026. All other terms of the note and related agreements remain in effect.
HyOrc Corporation reported a change in its board leadership. Effective May 7, 2026, director Shinichi Hirano resigned from the Board of Directors. The company states that the resignation was by mutual agreement and was not due to any disagreement with HyOrc concerning its operations, policies, or practices. The disclosure specifies that there were no disputes involving the company’s accounting, internal controls, or management that led to this decision.
HyOrc Corporation entered into financing arrangements on August 3, 2026. The company issued two convertible promissory notes, one each to Jefferson Street Capital LLC and Lambda Ventures LLC, with principal of $35,100 per note for an aggregate of $70,200. Each note was sold for $32,500, reflecting a $2,600 original issue discount, carries a one-time 12% interest charge, matures in twelve months, and is convertible after six months at a price equal to 77% of the lowest traded price over the prior fifteen trading days, subject to adjustments and beneficial ownership limits.
HyOrc also agreed to issue 125,000 restricted shares of common stock to each investor (an aggregate of 250,000 shares) as commitment shares, which are subject to cancellation if the related note is fully satisfied within six months. Separately, HyOrc entered into an Equity Purchase Agreement with Lambda under which Lambda committed to purchase up to $7,500,000 of common stock during the commitment period via company-directed Puts, generally between $2,500 and the lesser of $500,000 or 200% of average daily trading value. Shares sold under Puts are priced at 80% of a market-based price formula. As consideration, HyOrc will issue Lambda 750,000 initial commitment shares and has agreed, under a Registration Rights Agreement, to register for resale the shares issuable under the Equity Purchase Agreement.
HyOrc Corporation reported Q2 2026 revenue of $24,000, all from commission income on HyOrc technology sales in India, and a net loss of $689,712; for the first half of 2026 the net loss was $774,372. Cash was $53,912, within total assets of $21,934,131, including $2,483,776 of property, plant and equipment, $15,755,344 of goodwill and $3,604,558 of patents.
The 2 MW Biliran geothermal plant in the Philippines remained offline due to infrastructure damage, contributing to limited revenue and an accumulated deficit of $9,541,906. Management disclosed substantial doubt about the company’s ability to continue as a going concern absent additional financing and revenue growth.
During the half-year HyOrc raised $285,000 of unsecured convertible notes, creating $466,556 of derivative liabilities and recognizing significant non‑cash charges. Subsequent to June 30, 2026 it added a $115,000 Regulation S equity investment, another $150,000 convertible note, access to a $7,500,000 equity line of credit, and project support via approximately €6.7 million of approved STEP funding for its Portuguese waste‑to‑methanol consortium.
HyOrc Corporation entered into two Securities Purchase Agreements on May 9, 2026 with Monroe Street Capital Partners LP and Lambda Ventures LLC. The company issued each investor a Convertible Promissory Note for $67,500, with a $5,000 original issue discount, for aggregate gross proceeds of $125,000 and approximately $118,000 net after legal fee withholdings.
Each note matures in 12 months and is convertible into common stock at 77% of the lowest trading price over the 15 trading days before conversion. HyOrc agreed to issue 250,000 commitment shares (125,000 to each investor), which may be cancelled if the related note is fully satisfied within six months, and to reserve up to 4,000,000 shares per note for potential conversions. The issuances rely on Section 4(a)(2) and/or Regulation D exemptions.
HyOrc Corporation reported a development-stage quarter for the period ended March 31, 2026, with a net loss of $84,660 and cash of $134,736. Total assets were $21.9 million, driven largely by goodwill and patents tied to its clean energy technologies.
The 2MW Biliran geothermal plant in the Philippines remains offline after grid-related damage and typhoon impacts, contributing to minimal current revenue and ongoing losses. Management disclosed substantial doubt about the Company’s ability to continue as a going concern without new funding or successful project execution.
HyOrc is pivoting toward waste-to-methanol and clean power projects, including a 50-50 Portuguese joint venture targeting about 2,800 tonnes of methanol per year and a Bulgarian waste-to-methanol project designed for 18,000–20,000 tonnes annually. Subsequent agreements and technology validation support this strategy, but projects remain pre-revenue and capital intensive.
HyOrc Corporation entered into a Novation and Assignment Agreement under which MO.RE.DA. Oils, Lda replaces Start Lda as its 50/50 joint venture partner in HyOrc Start Green Fuels, Lda. The joint venture continues to focus on developing waste-to-methanol facilities in Portugal.
MO.RE.DA. Oils assumes all obligations previously held by Start Lda, including providing land, infrastructure support, permitting coordination and regulatory cooperation. It has committed its industrial facility in Guilhabreu, Vila do Conde, which already holds an industrial operating permit, potentially allowing the planned pilot plant to advance via a permit amendment process rather than full greenfield permitting, which may shorten development timelines.