ICON Energy Corp. Announces Closing of Upsized $12.0 Million Public Offering

Company Overview - Icon Energy Corp. is an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels [6] - The company is headquartered in Athens, Greece, and its common shares trade on the Nasdaq Capital Market under the symbol "ICON" [6] Public Offering Details - Icon Energy Corp. announced the closing of its public offering of 9,160,305 units at a public offering price of $1.31 per unit, resulting in gross proceeds of $12.0 million before expenses [1][2] - Each unit consisted of one common share and one warrant to purchase one common share, with the common shares and warrants issued separately and immediately separable upon issuance [2] Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes, which may include funding for working capital needs, debt repayments, and fleet expansion [2] Regulatory Filings - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on January 23, 2025 [4] - A final prospectus relating to the offering was filed with the SEC and is available on the SEC's website [4]