HyOrc Corporation entered into a First Amendment to a Promissory Note with GS Capital Partners, LLC. This amendment extends the maturity date of a $150,000 promissory note to March 13, 2027, while increasing the principal to $165,000. The move reflects the company's strategic financial management.
Company Information
Company
HyOrc
Location
3050 POST OAK BLVD.
Houston, Texas, United States
About
HyOrc is a pioneering clean-tech company developing the most affordable, efficient, practical, and reliable zero-emissions powertrain for heavy-duty applications. Its revolutionary HyOrc engine combines hydrogen fuel with an Organic Rankine Cycle (ORC) turbine to deliver sustainable power for trucks, trains, ships, and stationary generators. Following the successful pilot of an 80kW prototype, the company is finalizing a 245kW version set to be integrated into a 40-ton diesel truck platform by Q1 2025, with full-scale production targeted for 2027.
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