Heliospace Announces Founder Loan Conversion to Common Equity

Core Viewpoint - Heliospace has strengthened its balance sheet by converting founder-provided loans into common stock, demonstrating a long-term commitment to the company's growth and financial stability [1][4]. Financial Impact - The conversion eliminates $1,057,765 of debt from the balance sheet, replacing it with long-term equity capital, which enhances the capital structure and reduces liabilities [2][3]. - Founders Gregory T. Delory and Paul S. Turin exchanged $1,057,765 in loans for 7,398,459 shares at a conversion price of $0.142971 per share, based on the 20-day Volume-Weighted Average Price (VWAP) [3]. Strategic Outlook - The conversion is expected to improve the company's debt-equity ratio and reduce near-term cash obligations, positioning it better for future financing initiatives [2][4]. - Heliospace is advancing its space-qualified mechanisms and deployable systems in preparation for new contracts and expansion into new business lines in 2026 [5]. Company Overview - Heliospace specializes in aerospace technologies for space exploration and serves various clients, including NASA and other government agencies, as well as commercial and academic institutions [6]. - The company aims to empower scientific and commercial expansion into space and lead in the dynamic space economy [6].