Icon Energy Corp. Announces Share Repurchase Program

Core Viewpoint - Icon Energy Corp. has authorized a share repurchase program allowing the company to buy back up to $1.0 million of its outstanding common shares through December 31, 2026 [1]. Group 1: Share Repurchase Program - The repurchase of common shares may occur through privately negotiated transactions, open market transactions, or other means, including trading plans under Rule 10b-18 and/or Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 [2]. - The timing and amount of repurchases will be at the company's discretion, influenced by legal requirements, market conditions, investment opportunities, available liquidity, and the prevailing market price of the shares [2]. - The program does not obligate the company to repurchase any specific dollar amount or number of shares and can be suspended or discontinued at any time [2]. Group 2: 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 [3]. - The company is headquartered in Athens, Greece, and its common shares are traded on the Nasdaq Capital Market under the symbol "ICON" [3].