Corporate ActionApr 28, 2026, 04:16 PM
HLEO Converts $327,629 Debt to 149,979 Common Shares
AI Summary
Helio Corp entered into an Exchange Agreement with Gregory T. Delory to convert outstanding promissory notes totaling $327,629 into common stock. The conversion will be executed at a price of $2.1845 per share, determined by the 20-day volume-weighted average price. This transaction will result in the issuance of 149,979 shares to Delory, effectively canceling the company's debt obligations under the notes.
Key Highlights
- Helio Corp entered an Exchange Agreement with Gregory T. Delory on April 22, 2026.
- The company will exchange $327,629 in outstanding promissory notes for common stock.
- The conversion price for the shares is $2.1845, based on the 20-day VWAP.
- Helio Corp will issue 149,979 shares of common stock to Gregory T. Delory.
- Upon issuance, the promissory notes will be cancelled and extinguished.
Price Impact
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