secwatch.observer — SEC 8-K summary
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Issuer:     Helio Corp /FL/ (HLEO)
CIK:        0001953988
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001213900-25-118348
Event type: other
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Founder loan conversion eliminates $1.06M debt; Helio receives default notice on $250K note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953988/000121390025118348/0001213900-25-118348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953988/000121390025118348/ea0268513-8k_helio.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-118348

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