secwatch.observer — SEC 8-K summary
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Issuer:     Helio Corp /FL/ (HLEO)
CIK:        0001953988
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001213900-25-083484
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helio Corp issues $275k convertible note with 10% interest and 25k commitment shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953988/000121390025083484/0001213900-25-083484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953988/000121390025083484/ea0255610-8k_helio.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-083484

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer