debt
confidence high
sentiment neutral
materiality 0.55
Helio Corp raises ~$300k via convertible notes with OID and warrants
Helio Corp /FL/
- Issued two convertible promissory notes on Jan 12 and Jan 14, 2026; aggregate principal $330,000, purchase price $300,000.
- Net proceeds of approximately $133,000 per note after placement agent fees and expenses.
- Notes mature in 12 months; one note has scheduled amortization payments beginning July 13, 2026.
- Conversion price is 90% (Jan 12) or 80% (Jan 14) of lowest 10-day VWAP, capped at $0.50 per share.
- Issued 75,000 commitment shares per note; Jan 14 investor also received a 5-year warrant for 330,000 shares at $0.50.