Business
Helio Launches Rule 506(c) Offering to Expand Shareholder Base for NYSE Listing
Helio Launches Rule 506(c) Offering to Expand Shareholder Base for NYSE Listing.
About this update from Helio Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n Helio Launches Rule 506(c) Offering to Expand Shareholder Base for NYSE Listing\r\n \r\n \r\n\r\n\r\nHelio Launches Rule 506(c) Offering to Expand Shareholder Base for NYSE Listing\r\n\r\n\r\n\r\nNewsfile Corp.\r\n\r\n\r\nNewsfile Corp\r\n\r\n\r\nBerkeley, California--(Newsfile Corp. - January 27, 2026) - Helio Corporation (OTCID: HLEO) (\"Helio\" or the \"Company\") today announced the launch of a Rule 506(c) Offering (\"Offering\") for accredited investors. The Offering will be for a Preferred Share with a 10% coupon and convertible at a 20% to the five (5) day volume-weight average price (VWAP). The Offering should not have short term impact on the current liquidity.\r\nAs the stock price rises, market conditions will support opening the equity side of the balance sheet. Proceeds from the Rule 506(c) offering equity raise will go to restructure its balance sheet and to reduce outstanding debt. The focus will be on retiring higher-cost obligations incurred during the federal government shutdown, when one of Helio's largest customers, the National Aeronautics and Space Administration (\"NASA\"), temporarily suspended operations. With the federal government reopened, NASA-related workflow has begun returning to normal and is expected to accelerate as delayed work resumes.\r\nIn addition to strengthening the balance sheet, besides de-leveraging the balance sheet, the Offering directly advances Helio's path toward a New York Stock Exchange (\"NYSE\") listing by expanding its shareholder base to meet the required minimum of 400 round-lot shareholders. Helio currently has just over 200 shareholders, a number that continues to grow rapidly as trading volume and investor interest increases. The Offering is expected to further expedite the addition of new shareholders as the Company works toward its goal of listing on the NYSE.\r\n\r\nFor More Information:\r\nEd Cabrera\r\nChairman of the Board and Chief Executive Officer\r\n(956) 225-9639\r\[email protected]\r\n\r\nAbout Helio Corporation\r\nHelio is pioneering a new class of energy infrastructure—space-based power systems aka \"Power plants in space\" that captures solar energy beyond Earth's atmosphere and beams it safely and efficiently to the surface. Our vision is to establish orbital energy platforms as a foundational layer of the global power grid...