A roughly $8 million stock sale is proposed, pending Helio's Nasdaq listing approval.
Helio Corporation (OTCID:HLEO) filed a Form S-1 for an $8 million stock offering, pending Nasdaq listing approval. Proceeds will fund R&D, marketing, facilities, debt repayment, and working capital. The number of shares and price per share are undetermined, and the offering's completion is uncertain. Helio develops space-based solar power and lunar hardware technologies.
