Helio Corp /FL/ (HLEO): debt financing — Helio Corp enters stock pledge agreements for $900K notes; disputes default recital

Helio Corp /FL/

Pledges 1M shares each from two insiders (total 2M shares) as collateral for $900K promissory notes.
Collateral coverage ratio set at 400% based on $4.00/share valuation; additional shares may be required.
Agreements state Company failed to make interest payment (event of default); Company disagrees, says payment made July 3, 2025 within grace period.
Company believes the inaccuracy in the default recital is material.
Pledged shares held by ClearTrust; pledgors include former director Pitman and current COO Turin.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Helio Corp /FL/ reported a default on debt of aggregate principal amount of $900,000 with Blackwolf Venture Group LLC and Sean Wolf.

Principal: aggregate principal amount of $900,000
Counterparty: Blackwolf Venture Group LLC and Sean Wolf
Event: default

Exact text from the filing

the “Secured Party”), to secure the Company’s obligations under two outstanding promissory notes previously issued to the Secured Party in the aggregate principal amount of $900,000 (the “Notes”). Pursuant to the Pledge Agreements, each Pledgor pledged 1,000,000 shares of the Company’s common stock as collateral. The Pledge Agreements require the pledged

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Helio Corp /FL/ filing history →

Source: SEC EDGAR

accession 0001213900-25-080564

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