0001213900-26-057683
SEC filingHelio Corporation's majority shareholders approved via written consent a reverse stock split at a ratio of 1.25-for-1 to 5-for-1 to support uplisting to a national securities exchange.
Helio Corporation secured swift shareholder approval for a flexible reverse stock split through a written consent process under Florida law, bypassing a special meeting. This action, supported by three key shareholders controlling over 64% of the 25,342,454 outstanding shares of $0.0001 par value common stock, authorizes the Board to select a split ratio from 1.25-for-1 to 5-for-1 within 12 months. The Board's prior endorsement on May 9, 2026, underscores its strategic priority. The primary goal is to elevate the share price above the $4.00 minimum bid requirement for listing on Nasdaq Capital Market or New York Stock Exchange, facilitating a contemplated underwritten public offering. Fractional shares will be managed via rounding or cash payments, with implementation coordinated across regulatory notices, FINRA, and the transfer agent. This positions the Company for enhanced market visibility and liquidity, critical for growth-oriented investors.