Heliospace, a subsidiary of Helio Corporation, announced the conversion of founder-provided debt into shares of common stock, strengthening the company’s balance sheet by $1,057,765. Founders Gregory T. Delory and Paul S. Turin exchanged debt for 7,398,459 shares at a conversion price of $0.142971 per share. This move improves the company’s capital structure and financial flexibility, enhancing its ability to attract new investments. The conversion reflects long-term commitment to company growth and will reduce near-term cash obligations, positioning the company for potential financing initiatives and expansion into new lines of business in 2026.

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