Helio Corporation, which designs, assembles, and tests space flight equipment, filed on Friday with the SEC to raise up to $15 million in an NYSE American uplisting. It is currently listed on the OTC Pink under the symbol HLEO
The Berkeley, CA-based company plans to raise $15 million by offering 3.3 million shares at a price range of $4 to $5. At the midpoint the company would command a fully diluted market value of $72.0 million, and an enterprise value of $60.0 million.
The Berkeley, CA-based company was founded in 2018 and booked $7 million in sales for the 12 months ended October 31, 2024. It plans to list on the NYSE American under the symbol HLEO. ThinkEquity is the sole bookrunner on the deal.
