Helio Corp /FL/ (HLEO): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Helio Corp /FL/ reported a default on loan of $400,000 and $500,000 with holders of the Company’s secured promissory notes dated October 15, 2024 and October 16, 2024 at 9.75% per annum maturing November 5, 2025 maturity date.

Instrument: loan
Principal: $400,000 and $500,000
Counterparty: holders of the Company’s secured promissory notes dated October 15, 2024 and October 16, 2024
Rate: 9.75% per annum
Maturity: November 5, 2025 maturity date
Event: default

Exact text from the filing

On November 20, 2025, Helio Corporation (the “Company”) was notified via email by counsel to the holders of (i) the Company’s secured promissory note dated October 15, 2024, in the original principal amount of $400,000, bearing interest at 9.75% per annum, and (ii) the Company’s secured promissory note dated October 16, 2024, in the original principal amount of $500,000, bearing interest at 9.75% per annum. The email asserted that the Company’s nonpayment of the two notes on their November 5, 2025 maturity date constitutes an event of default under the notes and stated that it constituted a “Notice of Default.”

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Source: SEC EDGAR

accession 0001213900-25-115539

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