Helio Corporation (USOTC:HLEO) has filed an application to list its common shares on the Nasdaq Capital Market as part of a proposed public offering of 2 million shares, according to a company announcement.
The company intends to retain its existing ticker symbol, HLEO, if its shares are admitted to trading on Nasdaq.
Under the proposed offering, Helio plans to sell 2,000,000 shares of common stock at an estimated price of between $4.00 and $5.00 per share.
Based on this indicative range, the offering could generate gross proceeds of approximately $8 million to $10 million before underwriting discounts, commissions and other transaction expenses.
At the midpoint of $4.50 per share, the proposed transaction would raise approximately $9 million in gross proceeds.
Helio’s common shares currently trade on the OTC Markets OTCID tier under the symbol HLEO.
The company’s last reported closing share price on the OTCID market was $4.50 on 19 October 2026, matching the midpoint of the proposed offering price range.
The planned transaction would move Helio’s shares from the OTC market to the Nasdaq Capital Market, subject to the completion of the offering and satisfaction of the exchange’s applicable listing requirements.
The company has not disclosed a definitive offering price or completion date in the information provided.
The proposed share sale and Nasdaq listing remain pending, with the final terms and timing yet to be confirmed.