Helio Corporation shareholders approve reverse stock split to facilitate exchange uplisting

Helio Corp /FL/

Written consent from holders of 64.44% of shares (16.33M of 25.34M) approving reverse split at ratio of 1.25:1 to 5:1.
Three majority shareholders: Gregory Delory (22.10%), Paul Turin (30.50%), Edward Cabrera (11.84%).
Board to determine exact ratio and timing within 12 months; split intended to meet $4.00 minimum bid price for Nasdaq or NYSE listing.
Company also plans an underwritten public offering in conjunction with the uplisting.
Fractional shares will be rounded up to nearest whole share or paid in cash.

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