secwatch.observer — SEC 8-K summary
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Issuer:     Helio Corp /FL/ (HLEO)
CIK:        0001953988
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001213900-26-051035
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helio Corp settles $879K in promissory notes via stock leak-out agreement with Sean Wolf
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- Settlement covers two 9.75% notes from Oct 2024; principal+interest of $879,163.
- Wolf may sell Helio stock under leak-out: up to 4,000 shares or 12% of daily volume (whichever greater) once volume >=20,000.
- Upon uplisting or July 5, 2026, daily sale limit increases to 25% of volume.
- Wolf provides brokerage statements; net proceeds reduce debt; Helio must remove legend on 225K shares and help with 275K Pitman shares.
- If Fidelity declines shares, Helio must find alternative broker within 7 business days or agreement void.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953988/000121390026051035/0001213900-26-051035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953988/000121390026051035/ea0288797-8k_helio.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-051035

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