From TokenPost · · 40s
Helio Corp Targets Nasdaq Listing
Helio Corp seeks Nasdaq listing with $8-10m share sale to fund operations.
In brief
Helio Corp seeks Nasdaq listing with $8-10m share sale to fund operations. Helio Corporation plans a Nasdaq listing with a proposed $8-10 million share sale to repay debt and fund R&D. Originally reported by TokenPost.
Helio Files Nasdaq Listing
Helio Corporation filed for a proposed stock sale and Nasdaq Capital Market listing on Oct 21 with preliminary terms to raise up to $10 million.
Share Offer Details
Helio plans to offer 2 million shares at $4-$5 each, generating $8-10 million gross proceeds before expenses.
Funding Plan
The company will use proceeds to repay debt, fund R&D, sales, marketing, facilities, and operations.
Here's the gist
Helio Corporation plans a Nasdaq listing with a proposed $8-10 million share sale to repay debt and fund R&D.
