Helio Corporation announced on January 5, 2026 that Edward Cabrera will become Chief Executive Officer and Chairman of the Board, succeeding Gregory T. Delory who will transition to Chief Technology Officer.
Cabrera brings more than 35 years of experience in investment banking, mergers and acquisitions, and corporate restructuring. Prior to joining Helio, he served as Managing Director of Investment Banking at Network 1 Financial Securities and held senior roles at Merrill Lynch, Bank of America, and PaineWebber/UBS.
Helio, founded in 2018, operates in the aerospace sector, providing hardware, systems engineering, and mission‑critical services for space exploration. For the year ended October 31, 2024, the company reported revenue of $6.89 million, down from $9.21 million the previous year, and a net loss of $1.86 million versus a net income of $0.0257 million in the prior year. Liabilities exceed cash and near‑term receivables by $117.7 million, underscoring the need for a financial restructuring plan.
Cabrera’s appointment signals a strategic pivot to strengthen Helio’s capital structure, reduce liabilities, and position the company for future financing. He will receive 3 million common shares and a nominal salary, while his son Edward W. Cabrera will be appointed Manager of Investor Relations with 1.25 million shares. Delory will remain on the board as CTO.
In a statement, Cabrera emphasized the company’s commitment to enhancing shareholder value and confidence in long‑term growth, noting that the new leadership will focus on cost discipline, capital‑market access, and operational efficiency to navigate the current financial challenges.
The leadership change comes amid a period of declining revenue and a shift from profit to loss, prompting Helio to seek a CEO with deep financial expertise to guide a restructuring plan and secure future capital. The move is expected to improve the company’s balance sheet and restore investor confidence.
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