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Icon Energy Corp. Announces Capital Raise under the SEPA

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ATHENS, Greece, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Icon Energy Corp. (“Icon” or the “Company”) (Nasda...

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AI Summary

ICON raised $2.3 million by selling 680,023 shares this year. The sales occurred under a Standby Equity Purchase Agreement (SEPA). ICON can sell up to $20 million worth of shares over three years. The SEPA offers ICON a flexible capital source for growth opportunities.

Sentiment Rationale

Secure funding strengthens ICON's financial positioning, encouraging future growth. Historically, capital raises often positively impact share prices if used effectively.

Trading Thesis

Utilization of raised capital could lead to sustained growth and profitability over time, aiding strategic initiatives.

Market-Moving

  • ICON raised $2.3 million by selling 680,023 shares this year.
  • The sales occurred under a Standby Equity Purchase Agreement (SEPA).
  • ICON can sell up to $20 million worth of shares over three years.

Key Facts

  • ICON raised $2.3 million by selling 680,023 shares this year.
  • The sales occurred under a Standby Equity Purchase Agreement (SEPA).
  • ICON can sell up to $20 million worth of shares over three years.
  • The SEPA offers ICON a flexible capital source for growth opportunities.

Companies Mentioned

  • CNA (CNA)
  • GSL (GSL)
  • DHT (DHT)

Corporate Developments

The financing via SEPA indicates proactive management and financial strategy, positively affecting investor sentiment.

Icon Energy Corp. Announces Capital Raise under the SEPA

ATHENS, Greece, Jan. 13, 2026 (GLOBE NEWSWIRE) — Icon Energy Corp. (“Icon” or the “Company”) (Nasdaq: ICON) has announced a significant capital raise under its Standby Equity Purchase Agreement (SEPA). The Company has successfully sold 680,023 shares of its common stock, generating net proceeds of $2.3 million at an average price of $3.31 per share. This development highlights Icon's strategic efforts to enhance its financial position and pursue growth opportunities.

Details of the Standby Equity Purchase Agreement (SEPA)

Icon Energy entered into the SEPA with an investor on August 27, 2025. Under the agreement:

  • Icon has the right, but not the obligation, to issue common shares to the investor.
  • The investor is committed to purchasing up to $20 million worth of Icon's common shares over a three-year period.

This arrangement offers Icon a flexible and efficient source of capital to support its strategic initiatives and operations.

Strategic Implications of the Capital Raise

The capital raised allows Icon Energy Corp. to pursue additional growth opportunities with increased confidence. The SEPA provides a mechanism for accessing funds that can be used at the Company’s discretion, which is crucial for financing operations and initiatives during evolving market conditions.

According to a statement from the company, “The SEPA provides a flexible financing alternative that aligns with our growth strategy and operational needs.”

About Icon Energy Corp.

Icon Energy Corp. is an international shipping company specializing in providing worldwide seaborne transportation services for dry bulk cargoes. The Company operates a fleet of oceangoing vessels and maintains its principal executive office in Athens, Greece. The common shares of Icon trade on the Nasdaq Capital Market under the symbol ICON.

Contact Information

For further information about Icon Energy Corp., please contact:

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