Helio Seeks Nasdaq Listing With Proposed $8 Million to $10 Million Share Sale

Helio Corporation filed for a proposed stock sale and Nasdaq Capital Market listing Oct. 21, with preliminary terms that could raise up to $10 million before expenses for debt repayment and operations. Helio plans to offer 2 million common shares at an estimated $4 to $5 each and has applied to trade under the ticker HLEO. That price range implies $8 million to $10 million in gross proceeds, or $9 million at the assumed $4.50 midpoint. The share count and price have not been finalized.

Source: TokenPost