This is a clean-up of insider debt with no new cash raised. The 149,979 shares issued to the CTO are restricted and not immediately tradeable. Monitor for any subsequent registration statement or Rule 144 sales. The conversion price at $2.1845 provides a reference point for the stock's recent trading level.
Price Chart
Executive Summary
Helio Corp entered into an Exchange Agreement with its CTO Gregory T. Delory, cancelling $327,629 in promissory notes (representing prior advances from Sep-Dec 2025) in exchange for 149,979 shares of common stock at a conversion price of $2.1845 (20-day VWAP). The shares were issued on April 28, 2026 under Section 3(a)(9) as restricted securities. This is a debt-to-equity conversion by an insider that eliminates a demand note but dilutes existing shareholders.
Key Financial Metrics
Key Facts
- Promissory notes totaling $327,629 (principal only, 0% interest) held by CTO Gregory T. Delory were cancelled
- 149,979 shares of common stock issued at $2.1845 per share (20-day VWAP)
- Shares issued on April 28, 2026 under Section 3(a)(9) exemption — restricted securities, no registration
- The note represented prior advances from September through December 2025, not new borrowings
- No commissions or remuneration paid in connection with the exchange
- The note was an on-demand, zero-interest promissory note issued and cancelled on the same day
Financial Impact
$327,629 of insider debt converted to equity at $2.1845/share, resulting in 149,979 new shares
Risk Factors
- Potential future dilution if additional insider notes are converted
- Restricted shares may eventually be registered for resale, increasing float
- Company may need additional capital — no new cash was raised in this transaction
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-048545 |
| Document: ea0288057-8k_helio.htm | 0001213900-26-048545 |
| Document: ea028805701ex10-2.htm | 0001213900-26-048545 |
| Document: 0001213900-26-048545-index-headers.html | 0001213900-26-048545 |
| Document: 0001213900-26-048545-index.html | 0001213900-26-048545 |
| Document: 0001213900-26-048545.txt | 0001213900-26-048545 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | S-1 | $4.35 $4.65 | ▼ −6.90% | ▼ −8.08% | $4.40 (−1.15%) |
Jun 10, 2026 19w ago | 8-K | $9.80 $11.00 | ▲ +12.24% | ▲ +10.55% | $4.40 (−55.10%) |
May 1, 2026 25w ago | 8-K | $11.20 $11.10 | ▼ −0.89% | ▼ −1.70% | $4.40 (−60.71%) |
Apr 28, 2026 25w ago | 8-K | $12.60 $12.50 | ▼ −0.79% | ▼ −1.79% | $4.40 (−65.08%) |
Mar 11, 2026 32w ago | 8-K | $1.60 $1.55 | ▼ −3.13% | ▼ −2.53% | $4.40 (+175.00%) |
US Market Status
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