8-K
filed December 4, 2025, 6:59 PM ET
ticker HLEO
CIK 0001953988
other
confidence high
sentiment neutral
materiality 0.75
Helio Corp /FL/ (HLEO): debt financing — Founder loan conversion eliminates $1.06M debt; Helio receives default notice on $250K note
Helio Corp /FL/
- Founders Delory and Turin exchanged $1,057,765 principal/interest for 7,398,459 shares at $0.142971/share (20-day VWAP).
- Conversion reduces liabilities and improves debt-equity ratio; no cash paid, shares unregistered under Section 3(a)(9).
- Company received default notice on $250K secured note (9.75% interest) due Nov 5, 2025; evaluating response.
- Two zero-interest on-demand notes for past advances ($25,404 to Delory; $15,773 to Turin) were included in cancelled debt.
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 $250,000 with a noteholder at 9.75% per annum.
- Instrument
- loan
- Principal
- $250,000
- Counterparty
- a noteholder
- Rate
- 9.75% per annum
- Event
- default
Exact text from the filing
the Company received a notice from a noteholder asserting that such holder’s Amended and Restated Secured Promissory Note, dated October 15, 2024, in the principal amount of $250,000 bearing interest at a rate of 9.75% per annum (the “Secured Note”)is in default due to the Company’s failure to repay the outstanding amount of within grace period of the Secured Note’s November 5, 2025 maturity date.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Helio Corp /FL/ incurred loan of $25,404.00 with Gregory T. Delory at zero-interest maturing on-demand.
- Instrument
- loan
- Principal
- $25,404.00
- Counterparty
- Gregory T. Delory
- Rate
- zero-interest
- Maturity
- on-demand
- Event
- incurrence
Exact text from the filing
the Company issued two zero-interest, on-demand promissory notes, each dated December 2, 2025 (the “Notes”), one in the principal amount of $25,404.00 to Gregory T. Delory
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Helio Corp /FL/ incurred loan of $15,773.00 with Paul S. Turin at zero-interest maturing on-demand.
- Instrument
- loan
- Principal
- $15,773.00
- Counterparty
- Paul S. Turin
- Rate
- zero-interest
- Maturity
- on-demand
- Event
- incurrence
Exact text from the filing
the other in the principal amount of $15,773.00 to Paul S. Turin. The Notes evidence past advances previously made by Mr. Delory and Mr. Turin to the Company and do not represent new borrowings.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Helio Corp /FL/ issued 2,204,561 shares of common stock of common stock to Gregory T. Delory for promissory notes in the aggregate outstanding amount of $315,188.36.
- Security
- common stock
- Shares
- 2,204,561 shares of common stock
- Purchaser
- Gregory T. Delory
- Consideration
- promissory notes in the aggregate outstanding amount of $315,188.36
Exact text from the filing
Agreement” and collectively, the “Exchange Agreements”). Pursuant to Delory Exchange Agreement, promissory notes held by Mr. Delory in the aggregate outstanding amount of $315,188.36, consisting of an aggregate principal amount of $288,280.53 and $26,907.83 in accrued and payable interest were cancelled in exchange for an aggregate of 2,204,561 shares of
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Helio Corp /FL/ issued 5,193,898 shares of common stock of common stock to Paul S. Turin for promissory notes in the aggregate outstanding amount of $742,576.73.
- Security
- common stock
- Shares
- 5,193,898 shares of common stock
- Purchaser
- Paul S. Turin
- Consideration
- promissory notes in the aggregate outstanding amount of $742,576.73
Exact text from the filing
in exchange for an aggregate of 2,204,561 shares of common stock. Pursuant to Turin Exchange Agreement, promissory notes held by Mr. Turin in the aggregate outstanding amount of $742,576.73, consisting of an aggregate principal amount of $680,773.00 and $61,803.73 in accrued and payable interest were cancelled in exchange for an aggregate of 5,193,898 shares of
View on SEC.gov
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