Helio CTO converts notes into 149,979 shares
Helio Corp Chief Technology Officer and 10% owner Gregory Townsend acquired 149,979 shares of common stock through a conversion transaction.
Rhea-AI Filing Summary
Helio Corp Chief Technology Officer and 10% owner Gregory Townsend acquired 149,979 shares of common stock through a conversion transaction. The shares were issued under an Exchange Agreement in which certain outstanding promissory notes, including accrued interest, were exchanged for common stock at a conversion price of $2.1845 per share, representing the 20-day VWAP immediately before the conversion date. Following this transaction, Townsend directly held 5,600,780 shares of Helio Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise: 149,979 shares
Exercise
1 txn
Insider
Delory Gregory Townsend
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock, no par value | 149,979 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, no par value — 5,600,780 shares (Direct)
Footnotes (1)
- F1. On April 28, 2026, shares were issued to the reporting person pursuant to an Exchange Agreement with the Issuer in which certain outstanding promissory notes (including accrued interest) were exchanged for common stock at a conversion price of $2.1845, representing the 20-day VWAP immediately preceding the conversion date.
Key Figures
Shares acquired: 149,979 shares
Conversion price: $2.1845 per share
Post-transaction holdings: 5,600,780 shares
3 metrics
Shares acquired
149,979 shares
Common stock issued on April 28, 2026 via exchange
Conversion price
$2.1845 per share
20-day VWAP immediately preceding conversion date
Post-transaction holdings
5,600,780 shares
Total common shares directly held after transaction
Key Terms
Exchange Agreement, promissory notes, conversion price, 20-day VWAP
4 terms
Exchange Agreement financial
"shares were issued to the reporting person pursuant to an Exchange Agreement with the Issuer"
A written deal in which two parties agree to swap assets, securities or obligations under set terms—think of it as a formal swap or trade contract. For investors it matters because such agreements can change who owns what, alter a company’s capital structure, affect future cash flows or dilute existing shares, and therefore influence value and risk in a straightforward, contract-driven way.
promissory notes financial
"outstanding promissory notes (including accrued interest) were exchanged for common stock"
A promissory note is a written IOU in which a borrower promises to repay a specific amount to a lender, usually with stated interest and by a set date. Investors care because these notes are a formal debt claim—like holding a scheduled payment stream—so they affect a company’s borrowing costs, cash flow and credit risk; notes can be bought, sold or used as collateral, which influences liquidity and recoveries if things go wrong.
conversion price financial
"exchanged for common stock at a conversion price of $2.1845"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
20-day VWAP financial
"conversion price of $2.1845, representing the 20-day VWAP immediately preceding the conversion date"
20-day VWAP is the average price a stock traded at over the past 20 trading days, where each day's price is weighted by the number of shares traded so that busier days matter more than quiet ones. Investors use it as a reference point to tell whether the current price is high or low relative to recent market activity and to assess trading trends or likely execution costs—like comparing today’s price to what most buyers actually paid over the last month.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Helio Corp (HLEO) report for Gregory Townsend?
Helio Corp reported that CTO and 10% owner Gregory Townsend acquired 149,979 common shares. The shares were issued in exchange for outstanding promissory notes, including accrued interest, rather than through an open-market purchase, under an Exchange Agreement with the company.
Was the Helio Corp (HLEO) insider transaction an open-market buy or a conversion?
The transaction was a conversion, not an open-market buy. Certain outstanding promissory notes, including accrued interest, were exchanged for 149,979 common shares at a set conversion price, pursuant to an Exchange Agreement with Helio Corp.
AI-generated analysis. How Rhea-AI works. Not financial advice.
