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.

item 1.01 item 2.03 item 3.02 item 5.02 item 9.01

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accession 0001213900-25-118348

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