Helio Announces New CEO and Chairman of the Board

Core Viewpoint - Helio Corporation is undergoing a significant management restructuring aimed at enhancing shareholder value and setting a new strategic direction for the company [1][2][3]. Management Changes - Edward Cabrera has been appointed as the Chief Executive Officer and Chairman of the Board, replacing Gregory T. Delory, who will now serve as Chief Technology Officer [1]. - Stuart Bale and Paul Turin have been appointed as Chief Science Officer and Chief Engineer, respectively, while all three will continue to serve on the Board of Directors [1]. Strategic Focus - The company is refocusing its strategy to drive shareholder value, which includes strengthening its capital structure, reducing liabilities, and positioning itself better for future financing initiatives [2]. - The new leadership is committed to enhancing shareholder value and is confident in the company's long-term growth potential [3]. Company Background - Helio Corporation, founded in 2018, specializes in aerospace hardware, systems engineering, and mission-critical services for space exploration, partnering with NASA, private companies, and global space agencies [5]. - The company aims to empower scientific and commercial expansion into space and create lasting value for partners and investors [5]. Leadership Experience - Edward Cabrera brings over 35 years of experience in investment banking and corporate strategy, having held senior positions at firms like Merrill Lynch and Network 1 Financial Securities [3][4]. - His background includes leading merger and acquisition transactions and assisting small capitalization stocks and middle market companies with capital raising [3].