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.

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