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|8-KFeb 12, 5:09 PM ET

Helio Corp /FL/ 8-K

Research Summary

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Updated

Helio Corp Reports Default Notices on Promissory Notes (~$250K)

What Happened

  • Helio Corporation (HLEO) reported that on February 7, 2026 it received notices of default and demand for payment from holders of three promissory notes previously issued by the company. The notes include: a $50,000 note dated March 18, 2024 (originally to Blackwolf Venture Group, LLC, assigned to James S. Byrd SEP-IRA), a $150,000 note dated April 16, 2025 (to Indicia Capital, LLC), and a $50,000 note dated March 18, 2024 (to David Shapiro). The notices demand immediate payment of outstanding principal and accrued interest and state legal action may follow if payment is not made within 15 days of the notices. Helio says it is evaluating the notices and is in discussions with the note holders but cannot predict the outcome.

Key Details

  • Default notices received: February 7, 2026.
  • Notes involved: three promissory notes with original principal totaling $250,000 ($50k, $150k, $50k).
  • Demand terms: immediate payment of outstanding principal plus accrued interest; potential legal action if unpaid within 15 days of the notices.
  • Regulation FD disclosures: Feb 11 press release on NASA SBIR Phase II progress (QuasiStatic Release Mechanism); Feb 12 press releases announcing Oliver Fildes as Lead Systems Engineer for space-based solar power initiatives and commentary on market opportunities in orbital energy infrastructure.

Why It Matters

  • For investors, the default notices could accelerate debt obligations and create near-term cash or legal risks for Helio. An accelerated demand for payment or litigation could affect the company’s liquidity and financial flexibility.
  • The company’s statement that it cannot predict the outcome means investors should watch for updates on negotiations, payments, potential settlements, or legal actions.
  • Separately, the recent press releases (NASA SBIR progress and a strategic engineering hire) are operational updates that may reflect progress on R&D and business development, but the 8‑K does not link those items to the financing or default issues.