Helio Corp /FL/ (HLEO): debt financing — Helio receives default notices on $250k in promissory notes; reports continued SBIR progress

Helio Corp /FL/

Received default notices from three note holders demanding immediate payment of $250k principal plus interest; legal action threatened within 15 days.
Company engaged in discussions with holders; outcome uncertain.
Announced continued development and upcoming testing of NASA SBIR Phase II QuasiStatic Release Mechanism (QSRM) for spacecraft deployment.
Appointed Oliver Fildes as Lead Systems Engineer for space-based solar power (SBSP) initiatives; he has 15+ years aerospace experience.

item 7.01 item 2.04 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Helio Corp /FL/ reported a default on loan of $50,000 with David Shapiro.

Instrument: loan
Principal: $50,000
Counterparty: David Shapiro
Event: default

Exact text from the filing

(iii) a promissory note, dated March 18, 2024, issued to David Shapiro in the original principal amount of $50,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Helio Corp /FL/ reported a default on loan of $50,000 with James S. Byrd SEP-IRA.

Instrument: loan
Principal: $50,000
Counterparty: James S. Byrd SEP-IRA
Event: default

Exact text from the filing

On February 7, 2026, the Company received notices of default and demand for payment (collectively, the “Default Notices”) from the holders of the following promissory notes previously issued by the Company: (i) a promissory note, dated March 18, 2024, originally issued to Blackwolf Venture Group, LLC and assigned to James S. Byrd SEP-IRA, in the original principal amount of $50,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Helio Corp /FL/ reported a default on loan of $150,000 with Indicia Capital, LLC.

Instrument: loan
Principal: $150,000
Counterparty: Indicia Capital, LLC
Event: default

Exact text from the filing

(ii) a promissory note, dated April 16, 2025, issued to Indicia Capital, LLC in the original principal amount of $150,000

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41 debt financings filed in the last 30 days. Browse all debt financings →

Helio Corp /FL/ filing history →

Source: SEC EDGAR

accession 0001213900-26-015666

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