secwatch.observer — SEC 8-K summary
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Issuer:     Helio Corp /FL/ (HLEO)
CIK:        0001953988
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001213900-25-080564
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helio Corp enters stock pledge agreements for $900K notes; disputes default recital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953988/000121390025080564/0001213900-25-080564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953988/000121390025080564/ea0254036-8k_helio.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-080564

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