debt
confidence high
sentiment negative
materiality 0.80
Helio Corp receives default notice on $900K secured notes; engages capital advisor
Helio Corp /FL/
- Noteholders asserted default due to nonpayment of two secured notes ($400K and $500K, 9.75% interest) at Nov 5, 2025 maturity.
- Each note has a 15-day cure period; Company is reviewing the notice and discussing with holders.
- Engaged a financial and strategic advisor to evaluate capital structure and indebtedness alternatives.
- Received preliminary indications of interest from certain noteholders but no agreements in place; no outcome assured.