Helio Corp /FL/ (HLEO) Form S-1 — Oct 20, 2026
Helio Corporation filed an S-1 to offer 2,000,000 shares at an estimated $4.00-$5.00 per share ($4.50 midpoint), raising roughly $7-9M net, with closing contingent on Nasdaq Capital Market approval under the symbol HLEO; the stock currently trades on OTCID. The underwriters hold a 45-day 15% over-allotment option, and R.F. Lafferty receives a 7% discount, 1% expense allowance, and warrants for 5% of shares sold at 110% of the offering price. The filing discloses going-concern doubt, cash of only ~$520,504 at July 31, 2026, a shareholders' deficit of ~$(2.76)M, revenue down ~44% in FY2025 and ~54% for the nine months ended July 31, 2026, and material weaknesses in internal controls.
Key figures
- Cash Position
- 520504
- Gross Proceeds
- 9000000
- Offering Price
- 4.5
- Shares Offered
- 2000000
- Shares Outstanding
- 5365008
- Fy2024 Net Loss
- 1862683
- Fy2025 Net Loss
- 4030471
- Price Range Low
- 4
- Price Range High
- 5
- Rep Warrant Shares
- 100000
- Reverse Split Ratio
- 1-for-5 (effective July 20, 2026)
- Expense Allowance Pct
- 1%
- Gov Revenue Pct9 M2026
- 92%
- Net Proceeds Estimate
- $7.073M-$8.914M (midpoint ~$7.993M)
- Over Allotment Shares
- 300000
- Nine Month2026 Net Loss
- 6851175
- Underwriting Discount Pct
- 7%
- Shares Outstanding Post Offering
- 7365008
- Dilution Per Share To New Investors
- 3.84
- Insider Ownership Pre Offering Pct
- 67.24
- Insider Ownership Post Offering Pct
- 48.98
AI analysis
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