Core Viewpoint - Icon Energy Corp. has successfully sold 680,023 shares under the Standby Equity Purchase Agreement, generating net proceeds of $2.3 million at an average price of $3.31 per share [1][2]. Group 1: Financial Performance - Year-to-date, Icon has sold a total of 680,023 shares, resulting in net proceeds of $2.3 million [1]. - The average price per share during this sale was $3.31 [1]. Group 2: Standby Equity Purchase Agreement (SEPA) - Icon entered into a SEPA with an investor on August 27, 2025, allowing the company to issue up to $20 million worth of common shares over three years [2]. - The SEPA provides Icon with a flexible and efficient source of capital, enabling the company to pursue growth opportunities and support strategic initiatives [3]. Group 3: Company Overview - Icon Energy Corp. is an international shipping company that specializes in seaborne transportation services for dry bulk cargoes [3]. - The company is headquartered in Athens, Greece, and its common shares are traded on the Nasdaq Capital Market under the symbol "ICON" [3].

Core Viewpoint - Icon Energy Corp. has announced a 1-for-5 reverse stock split effective January 8, 2026, to enhance its appeal to investors and ensure compliance with Nasdaq listing standards [4][5]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 5 issued and outstanding common shares into 1 common share without changing the par value or the total number of shares authorized [3]. - Following the split, the number of outstanding common shares will decrease from 3,460,000 to approximately 692,000, adjusted for fractional shares [5]. - No fractional shares will be issued; instead, shareholders entitled to fractional shares will receive a cash payment based on the closing price on January 7, 2026 [6]. Group 2: Impact on Shareholders - The reverse stock split will not affect shareholders' ownership percentages, market capitalization, or voting rights [5]. - Shareholders holding shares in book-entry form or through a broker will see the impact reflected in their accounts without needing to take action [7]. Group 3: Company Background - Icon Energy Corp. is an international shipping company providing worldwide seaborne transportation services for dry bulk cargoes [8].

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].