Helio Corp /FL/

S-1 filed

Price $4.50 · Range $4.00 to $5.00 · 2,000,000 shares · Gross proceeds $9,000,000

RW withdrawn

DRS filed

EFFECT effective

S-1/A amended

Price $4.50 · Range $4.00 to $5.00 · 3,333,334 shares · Gross proceeds $15,000,000

S-1/A amended

Price $4.50 · Range $4.00 to $5.00 · 3,333,334 shares · Gross proceeds $15,000,000

Helio Corp is preparing for its initial public offering (IPO) by registering 3,333,334 shares of common stock at an estimated price range of $4.00 to $5.00 per share. The company seeks listing on NYSE American under the symbol 'HLEO' but notes the uncertainty of approval. As an emerging growth company, Helio benefits from reduced reporting requirements. The filing highlights risks tied to reliance on U.S. government contracts, customer concentration (75% revenue from government sources), dependence on key personnel, technological obsolescence, and market volatility. The company also details its 2024 business combination with Heliospace Corporation, which became the accounting acquirer.

S-1/A amended

Range $4.00 to $5.00 · 3,333,334 shares

Helio Corporation filed an S-1/A registration statement for its initial public offering (IPO) of 3,333,334 shares of common stock, with an estimated price range of $4.00 to $5.00 per share. The company seeks listing on the NYSE American under the symbol 'HLEO' and is an emerging growth company. The filing includes details about underwriting terms, including a 5% warrant issuance to underwriters and an over-allotment option. The prospectus highlights the company's focus on aerospace hardware and services, with a history of reverse acquisition activity.

S-1/A amended

Range $4.00 to $5.00 · 3,333,334 shares · Gross proceeds $15,000,003

Helio Corporation is conducting a public offering of 3,333,334 shares of common stock at an estimated price range of $4.00 to $5.00 per share, aiming to list on the NYSE American under the symbol 'HLEO.' The company, formed through a reverse acquisition, operates as a holding company with a subsidiary, Heliospace, specializing in aerospace hardware and engineering services. The offering includes underwriting discounts and warrants, with ThinkEquity as the lead underwriter. The prospectus highlights risks related to government contract dependence, customer concentration, and market uncertainties.

S-1/A amended

Range $4.00 to $5.00 · 3,333,334 shares

Helio Corp's S-1/A filing emphasizes heightened risk factors compared to its previous S-1 filing, focusing on vulnerabilities in government contract reliance, customer concentration, and technological adaptation. The current filing underscores operational risks tied to the space industry's volatility, while the previous filing contained more financial details about offering structure and pro forma projections.

S-1 filed

Price $4.50 · Range $4.00 to $5.00 · 3,333,334 shares

Helio Corp is conducting an IPO with an estimated price range of $4.50 per share, reflecting a $1.00 decrease from the midpoint of the previous range. The offering highlights significant dilution for new investors, who will pay $4.50 per share compared to existing shareholders' $0.03. The company, formed through a business combination with Web3 Corporation (now Helio Corp), operates as an aerospace firm specializing in space hardware and systems engineering. Financials show a 25% revenue decline in FY2024 to $6.9M, with operating losses and reliance on debt financing. The filing emphasizes risks including revenue volatility, dilution from future stock issuances, and dependence on government contracts.

DRS/A amended

Heliospace Corporation, formerly Web3 Corporation, is an aerospace company providing space-qualified hardware, systems engineering, and mission support services. The filing includes audited financial statements for the fiscal years ending October 31, 2023 and 2022, showing a net income of $25,728 in 2023 compared to a net loss of $46,030 in 2022. The company operates under various contracts, including Time & Materials and Purchase Order agreements, and has a lease liability of $953,850 as of October 31, 2023.

DRS filed

Helio Corp (formerly WEB3 Corp) is an aerospace company providing space hardware, systems engineering, and mission support services. The filing includes audited financial statements for the years ended October 31, 2023 and 2022, showing a small net income of $25,728 in 2023. The company emphasizes its work with NASA and other space agencies, along with engineering services for missions like the Mars Sample Return program. The filing notes that financial statements will be available on the company's website post-SEC submission.