IPO - Helio Corp /FL/

Form Type: CORRESP

Filing Date: 2025-03-11

Corporate Action: Ipo

Type: New

Accession Number: 000121390025022781

Filing Summary: Helio Corporation has filed a request for acceleration of its Registration Statement on Form S-1 (File No. 333-284062). The company requests that the effective date be accelerated to March 13, 2025, at 5:00 p.m. Eastern Time. The underwriter, ThinkEquity LLC, confirms that it has distributed the preliminary prospectus dated March 7, 2025, to ensure adequate distribution among underwriters, dealers, and institutions and declares compliance with relevant regulations.

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Form Type: CORRESP

Filing Date: 2025-03-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025022119

Filing Summary: Helio Corporation has requested the acceleration of the effective date for its Registration Statement on Form S-1, filed under File No. 333-284062. The acceleration is requested for March 11, 2025, at 5:00 p.m. Eastern Time (US). The underwriter, ThinkEquity LLC, is acting on behalf of several underwriters who have begun distributing the preliminary prospectus dated February 21, 2025, to ensure adequate distribution. Compliance with Rule 15c2-8 of the Securities Exchange Act of 1934 has been confirmed by the underwriters involved. The request is made in accordance with Rule 461 under the Securities Act of 1933.

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Form Type: S-1/A

Filing Date: 2025-03-10

Corporate Action: Ipo

Type: Update

Accession Number: 000101376225000257

Filing Summary: Helio Corporation, a technology and research company, has filed an S-1/A registration statement with the SEC for a public offering of 3,333,334 units, where each unit contains one share of common stock and one warrant for the purchase of an additional share. The initial public offering price is expected to range between $4.00 and $5.00 per unit, with an estimated midpoint price of $4.50. The warrants will have an exercise price of $5.625 and will expire five years post-issuance. A total of 3,333,334 shares from the exercise of these warrants will be included in this offering. Helio’s units will be listed on the NYSE American under “HLEO” and “HLEOW.” Helio Corporation is an emerging growth company that has seen significant growth potential in the space industry, leveraging its capabilities in aerospace and technology. It aims to cater to the growing commercial needs in space missions, which are projected to increase significantly in the coming years due to expanding market opportunities. The company has already secured involvement in several active space missions, with ongoing contracts and a focus on delivering custom hardware and services for government and commercial clients.

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Form Type: S-1/A

Filing Date: 2025-03-06

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025020910

Filing Summary: Helio Corporation is filing a registration statement for a firm commitment public offering of 3,333,334 units, each consisting of one share of common stock and one warrant to purchase one share of common stock. The exercise price for the warrants is set at 125% of the public offering price. The estimated initial public offering price for the units is between $4.00 and $5.00, with a midpoint assumed at $4.50. The company aims to list its common stock and warrants on the NYSE American under the symbols 'HLEO' and 'HLEOW', respectively. The document highlights Helio's business focus as a technology, engineering, and R&D holding company, primarily serving the aerospace sector through its subsidiary, Heliospace. The global space market is expected to grow significantly, and Helio intends to capitalize on this growth by offering innovative solutions. The company's efforts involve complex hardware development tailored for missions with NASA and other clients, including recent projects like hardware for the NASA Europa Clipper mission and the SunRISE CubeSat constellation. The filing addresses the historical background of Helio, including its transformation from Web3 Corporation and notes its challenges and growth within the competitive aerospace industry. Investing in its securities carries risks, as highlighted in the included 'Risk Factors' section.

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Form Type: CORRESP

Filing Date: 2025-03-03

Corporate Action: Ipo

Type: New

Accession Number: 000121390025019258

Filing Summary: Helio Corporation has submitted a request for the acceleration of its Registration Statement on Form S-1 in connection with its initial public offering (IPO). The company seeks to have the effective date of the Registration Statement effective at 5:00 p.m. Eastern Time on March 5, 2025. The underwriters have reported that they have adequately distributed copies of the preliminary prospectus dated February 21, 2025. The request complies with applicable rules under the Securities Act of 1933 and the Securities Exchange Act of 1934.

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Form Type: S-1/A

Filing Date: 2025-02-21

Corporate Action: Ipo

Type: New

Accession Number: 000121390025015969

Filing Summary: Helio Corporation is filing an amended registration statement for a firm commitment public offering of 3,333,334 shares of common stock at an estimated initial public offering price between $4.00 and $5.00 per share. The shares are intended to be listed on the NYSE American LLC under the symbol 'HLEO', following an existing quotation on the OTC Pink Market where the last recorded sale price was $5.00 on February 19, 2025. Helio, classified as an emerging growth and smaller reporting company, aims to leverage the growing opportunities in the global space marketplace projected to exceed $1 trillion by 2040. The business strategy focuses on expanding current hardware and services capabilities, particularly in satellite systems manufacturing. The company has ongoing government contracts for NASA missions with substantial scope in deploying custom hardware for various space missions. This filing outlines the company's market potential and risk factors inherent in the investment, emphasizing the expected delivery of the securities about 45 days post-filing. The registration also includes details on underwriter compensation and the need for prospectus delivery for all securities transactions related to the offering.

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Form Type: S-1/A

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025013562

Filing Summary: Helio Corporation is seeking to conduct a public offering of 3,333,334 shares of common stock, estimated to be priced between $4.00 and $5.00 per share. The company has applied for listing on the NYSE American under the symbol 'HLEO.' Prior to this offering, Helio was trading on the OTC Pink Market. The former name of the company was Web3 Corporation until it acquired Heliospace Corporation in January 2024. Helio specializes in aerospace technologies and aims to capture opportunities in the growing space market projected to reach over $1 trillion by 2040. The company is positioned to develop innovative hardware and services for various space missions, including contracts with NASA. The company's hardware includes deployable antennas and mechanisms, and they are currently involved in multiple active space missions. Investing in Helio's common stock is characterized as high-risk, with disclosures indicating they are an emerging growth company adhering to reduced public company reporting requirements.

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Form Type: S-1/A

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: New

Accession Number: 000121390025008947

Filing Summary: Helio Corporation, a technology and engineering holding company, is conducting a firm commitment public offering of 3,333,334 shares of common stock. The initial public offering price is estimated to be between $4.00 and $5.00 per share, with plans to list on the NYSE American under the symbol 'HLEO'. The offering follows a share exchange that resulted in the company being registered under the name Helio Corporation after acquiring Heliospace Corporation. Their market focus is on aerospace and technological applications, with expectations of significant growth projected in the space industry. Both emerging growth company and smaller reporting company statuses have been declared. The document details their current projects, market potential, capabilities, and financial considerations surrounding the public offering, including underwriting discounts and warrants to underwriters for share purchases. The registration statement is a preliminary prospectus and will not be effective until filed with the SEC.

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Form Type: S-1

Filing Date: 2024-12-27

Corporate Action: Ipo

Type: New

Accession Number: 000121390024113092

Filing Summary: Helio Corporation, previously known as Web3 Corporation, filed its registration statement for an initial public offering (IPO) on December 27, 2024. The company plans to offer 3,333,334 shares of its common stock, with an estimated initial offering price between $4.00 and $5.00 per share. The company has applied for listing on NYSE American under the symbol 'HLEO'. The preliminary prospectus indicates that the offering proceeds will be utilized for expansion in the space industry, leveraging the growing market estimated to exceed $1 trillion by 2040. Helio Corporation is an emerging growth company focused on providing aerospace solutions and has been involved in significant projects, including contracts with NASA for various missions. It highlights its recent acquisition of Heliospace Corporation and outlines strategic growth plans in the commercial and government sectors concerning space exploration and technology. The document contains risk factors, financial statements, and extensive details on the company’s current projects and competitive advantages in the aerospace market.

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Form Type: DRSLTR

Filing Date: 2024-11-18

Corporate Action: Ipo

Type: Update

Accession Number: 000121390024099537

Filing Summary: On November 18, 2024, Helio Corp submitted a response letter to the SEC concerning comments on their Draft Registration Statement on Form S-1 originally filed on September 13, 2024. The letter includes revisions based on the SEC's comments, addressing key areas such as the company's weaknesses, inflationary pressures, and details about its manufacturing process and customer reliance. Specifically, they added sections on business challenges and risk factors, confirmed that inflation and supply chain disruptions have not materially impacted operations thus far, and detailed their revenue recognition policies. The company revised their descriptions to meet SEC standards and provided information about beneficial owners and security ownership. Additionally, they discussed $1,000,000 in convertible notes and made updates to signatures as required by SEC guidelines. This filing is part of their ongoing preparations for an initial public offering (IPO).

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Form Type: DRS/A

Filing Date: 2024-11-18

Corporate Action: Ipo

Type: New

Accession Number: 000121390024099536

Filing Summary: Helio Corporation filed an amendment (Amendment No. 1) to its confidential registration statement on Form S-1 in connection with a proposed public offering of shares. The filing states that the initial public offering price is expected to be determined based on market conditions, and if successful, securities will be sold immediately upon effectiveness. Helio Corporation, structured as an emerging growth company, specializes in technology and engineering sectors, particularly focusing on space flight hardware and systems engineering for both commercial and government entities. The company expects to benefit from a rapidly growing space marketplace projected to reach over $1 trillion by 2040. Heliospace, a wholly owned subsidiary, has existing contracts with NASA and other organizations and offers services including systems engineering, integration, and testing. The filing highlights potential shares for the public offering along with pre-funded warrants.

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Form Type: DRSLTR

Filing Date: 2024-09-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390024078487

Filing Summary: Helio Corporation has submitted a draft registration statement on Form S-1 for confidential nonpublic review by the Securities and Exchange Commission (SEC). This submission relates to the proposed public offering and sale of the company's common stock. The Company confirms its status as an 'emerging growth company' under the Securities Act. In compliance with the FAST Act, Helio Corporation is omitting interim financial statements for the six months ending April 30, 2024, with the intention to amend the registration statement before distributing any preliminary prospectuses to include required financial information, which is anticipated to cover the nine months ending July 31, 2024.

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Form Type: DRS

Filing Date: 2024-09-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390024078485

Filing Summary: Helio Corporation is initiating a public offering of shares of common stock and has filed a draft registration statement with the SEC. This IPO aims to capitalize on the growing market for space technology, projected to expand to over $1 trillion by 2040. Helio operates primarily through its subsidiary Heliospace, which specializes in aerospace technology and provides high-tech solutions to government and private sectors. The company's offerings include hardware and services for various space missions, showcasing its ability to scale and meet industry demands. The prospectus warns of high investment risks and disclaims any representations about the accuracy of the document until the registration becomes effective. The company, identified as an emerging growth company, plans to set an initial offering price upon effectiveness of the registration. They have also applied for listing on a recognized exchange under the symbol 'HLEO'.

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