debt
confidence high
sentiment neutral
materiality 0.35
Helio Corp issues $275k convertible note with 10% interest and 25k commitment shares
Helio Corp /FL/
- Issued $275k principal promissory note at $250k purchase price (10% OID), 10% annual interest, matures Aug 26, 2026.
- Issued 25,000 unregistered commitment shares to accredited investor as additional consideration; net proceeds ~$200k.
- Note convertible upon default at 90% of lowest closing price over prior 10 trading days; 4.99% beneficial ownership cap.
- Monthly amortization starts Feb 26, 2026; prepayment allowed; most-favored-nation provision included.
- Network 1 Financial Securities served as placement agent and retained for financial advisory services.
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