debt
confidence high
sentiment neutral
materiality 0.50
Helio Corp. issues $257k in bridge and convertible notes with 65% discount conversion
Helio Corp /FL/
- Two bridge notes of $65,205 each, purchased at $56,700 (12% OID), mature Oct 15, 2026, with 12% one-time interest.
- Convertible note of $127,010, purchased at $120,960, bears 12% interest, matures Dec 15, 2026.
- Conversion price is 65% of lowest trading price in prior 10 trading days, subject to 4.99% beneficial ownership limit.
- Company may issue additional $965k in tranches over 12 months; initial proceeds $234,360 for working capital.