secwatch.observer — SEC 8-K summary
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Issuer:     Helio Corp /FL/ (HLEO)
CIK:        0001953988
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001213900-26-026159
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helio raises $931,500 via Series B Convertible Preferred private placement
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- Sold 1,000 shares of Series B Convertible Preferred at $931.50 stated value per share for aggregate proceeds of $931,500.
- Each preferred share convertible into one common share at initial conversion price of $931.50, subject to adjustment and 4.99% beneficial ownership cap.
- Series B pays no cash dividends, has liquidation preference equal to stated value, and is redeemable by company at any time at stated value.
- Sale exempt from registration under Section 4(a)(2) and Rule 506(b); purchaser is accredited investor.
- Leak-out provision limits common stock sales to 15% of daily trading volume during specified period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953988/000121390026026159/0001213900-26-026159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953988/000121390026026159/ea0281057-8k_helio.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-026159

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