Welcome to our dedicated page for Icon Energy news (Ticker: ICON), a resource for investors and traders seeking the latest updates and insights on Icon Energy stock.
Icon Energy Corp. (Nasdaq: ICON) is an international shipping company based in Athens, Greece, that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. This news page aggregates press releases and market updates related to Icon’s operations, fleet, capital structure and Nasdaq listing status.
According to the company’s announcements, Icon’s fleet includes Panamax, Kamsarmax and Ultramax dry bulk carriers such as the M/V Alfa, M/V Bravo and M/V Charlie. News items cover vessel acquisitions and deliveries, bareboat charter-in arrangements, time charter-out contracts with international commodity trading conglomerates and other dry bulk operators, and index-linked charter strategies tied to the Baltic Panamax Index and the Baltic Supramax Index.
Investors and followers of ICON stock can use this page to review updates on public offerings of common shares and units, the Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (Yorkville), share repurchase program authorizations, and term loan facilities used to finance vessel acquisitions. The feed also includes announcements about cash dividends on common shares, reverse stock splits intended to address Nasdaq minimum bid price requirements, and notifications related to listing compliance.
Commercial updates, such as changes in vessel employment, index-linked hire rates and utilization, are also reflected in Icon’s news releases and can be accessed here. By reviewing this collection of company-issued news, users can track how Icon Energy Corp. manages its dry bulk fleet, capital resources and listing obligations over time.
Icon Energy Corp. (Nasdaq: ICON) announced that it sold 1,136,470 common shares under its Standby Equity Purchase Agreement (SEPA) entered August 27, 2025, at an average price of $3.11 per share. The company reported net proceeds of $3.5 million and said proceeds will be used for general corporate purposes and to pursue growth opportunities and strategic initiatives. Icon stated the average sale price exceeded the volume-weighted average market price during the respective period and described the SEPA as a flexible source of capital subject to its terms and conditions. As of January 21, 2026, Icon reported 2,508,470 common shares issued and outstanding.
Icon Energy (Nasdaq: ICON) announced on Jan 13, 2026 that year-to-date it sold 680,023 common shares under its Standby Equity Purchase Agreement (SEPA), generating net proceeds of $2.3 million at an average price of $3.31 per share.
Icon entered the SEPA on Aug 27, 2025, giving the investor an obligation to buy, and Icon the right to issue, up to $20 million of common shares over three years, subject to terms and conditions. The company said it views the SEPA as a flexible source of capital to support operations and pursue growth opportunities.
Icon Energy (Nasdaq: ICON) announced a 1-for-5 reverse stock split effective at the opening of trading on January 8, 2026. Post-split the ticker remains ICON and the new CUSIP will be Y4001C 305. The split converts every 5 issued common shares into 1 share without changing par value or authorized share count.
As of the announcement the company had 3,460,000 outstanding shares, which will be reduced to approximately 692,000 shares (adjusted for fractional-share cash-outs). Fractional shares will be paid in cash based on the January 7, 2026 Nasdaq closing price.
Icon Energy Corp (Nasdaq: ICON) announced a share repurchase program authorizing repurchases of up to $1.0 million of its outstanding common shares through December 31, 2026. Repurchases may occur in privately negotiated or open market transactions or through plans intended to qualify under Rule 10b-18 or Rule 10b5-1 of the Securities Exchange Act.
The company said the amount and timing of any repurchases will be at its sole discretion and will depend on legal requirements, market conditions, available liquidity and prevailing market price. The Program does not obligate the company to buy any shares and may be suspended or discontinued at any time.
Icon Energy (Nasdaq: ICON) provided a commercial update on vessel employment and quarterly results for 2025. All vessels are on index-linked time charters tied to the Baltic Panamax and Supramax indices.
Key metrics: Q3 2025 gross hire avg ≈ $15,450/day (+41% vs prior quarter; +21% YoY). Q3 2025 revenue $4.2M (vs $2.0M prior quarter and $0.9M Q3 2024). Fleet expanded with M/V Charlie added June 2025 and M/V Bravo added August 2024. M/V Alfa time charter extended on an evergreen basis (earliest expiry July 2026).
Icon Energy Corp (Nasdaq: ICON) announced on Nov 24, 2025 that it has sold 132,144 common shares under its Standby Equity Purchase Agreement (SEPA) at an average price of $1.86 per share.
Icon entered the SEPA on Aug 27, 2025, under which an investor is obligated to purchase up to $20 million of common shares over three years. The company says the SEPA is a flexible capital source the company may use at its discretion to support strategic initiatives, operations, and potential growth opportunities.
Icon Energy Corp. (Nasdaq: ICON), a global shipping company, has announced the successful delivery of the M/V Charlie, a 2020-built, scrubber-fitted, eco Ultramax dry bulk carrier. The vessel was delivered on June 21, 2025, following a previously announced bareboat charter-in agreement from March 2025.
The vessel has been immediately time chartered-out to a dry bulk operator for 9-12 months at a floating daily rate linked to the Baltic Supramax Index. Icon will receive additional revenue from fuel cost savings through the vessel's scrubber system. CEO Ismini Panagiotidi expressed the company's commitment to further fleet expansion through strategic acquisitions.
Icon Energy Corp. (NASDAQ: ICON) has reported its financial results for 2024, showing mixed performance. Revenue increased 19% to $5.3 million from $4.5 million in 2023, primarily due to the acquisition of M/V Bravo. However, operating profit declined to $0.2 million from $1.1 million, and the company recorded a net loss of $0.2 million compared to a net income of $1.2 million in 2023.
Key developments include the delivery of Kamsarmax dry bulk carrier M/V Bravo in September 2024, securing a $91.5 million term loan facility, and completing an IPO with gross proceeds of $5.0 million. The company declared a cash dividend of $0.07 per common share for Q4 2024, payable May 30, 2025.
Recent developments include a successful public offering raising $12.0 million, regaining Nasdaq compliance, and entering an agreement to acquire a third vessel, M/V Charlie. The company implemented a 1-for-40 reverse stock split on April 1, 2025.
Icon Energy Corp (Nasdaq: ICON) has announced a 1-for-40 reverse stock split effective April 1, 2025, to maintain its Nasdaq listing compliance. The decision comes after receiving notification from Nasdaq on March 7, 2025, regarding non-compliance with the minimum $1.00 bid price requirement.
The company's shares have traded below $0.10 for six consecutive days from March 20-27, 2025, risking immediate suspension. Post-split, ICON's 87,410,311 outstanding shares will reduce to approximately 2,185,257 shares. The split aims to increase share price and maintain Nasdaq compliance without affecting shareholders' ownership percentages or voting rights.
Additionally, ICON reported that 99.99% of warrants from its recent $12.0 million public offering have been exercised as of March 27, 2025.
Icon Energy Corp. (NASDAQ: ICON) has announced a significant fleet expansion through an agreement to bareboat charter-in a 2020-built Ultramax dry bulk carrier with a 63,668 dwt capacity. The vessel, to be named M/V Charlie, comes equipped with scrubber-fitting and eco features.
The financial terms include a $2.75 million advance payment, an additional $2.75 million upon delivery, and a $7,500 daily hire rate over a three-year bareboat charter period. Icon has an option to purchase the vessel for $18.0 million at the end of the period.
Additionally, Icon has secured a 9-12 month time charter contract with an unaffiliated dry bulk operator, featuring a floating daily hire rate linked to the Baltic Supramax Index, plus additional earnings from fuel cost savings through the vessel's scrubber. Delivery is expected between May and August 2025.