Icon Energy Corp. Announces Updates in Connection with the SEPA
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) ha annunciato il 24 novembre 2025 di aver venduto 132.144 azioni ordinarie ai sensi del suo Standby Equity Purchase Agreement (SEPA) a un prezzo medio di $1,86 per azione.
Icon è entrata nel SEPA il 27 agosto 2025, in base al quale un investitore è obbligato ad acquistare fino a $20 milioni di azioni ordinarie nell'arco di tre anni. L'azienda afferma che il SEPA è una fonte di capitale flessibile che può utilizzare a sua discrezione per sostenere iniziative strategiche, operazioni e potenziali opportunità di crescita.
Icon Energy Corp (Nasdaq: ICON) anunció el 24 de noviembre de 2025 que ha vendido 132.144 acciones ordinarias bajo su Standby Equity Purchase Agreement (SEPA) a un precio medio de $1,86 por acción.
Icon ingresó al SEPA el 27 de agosto de 2025, bajo el cual un inversor está obligado a comprar hasta $20 millones de acciones ordinarias en tres años. La compañía afirma que el SEPA es una fuente de capital flexible que la empresa puede usar a su discreción para apoyar iniciativas estratégicas, operaciones y posibles oportunidades de crecimiento.
Icon Energy Corp (나스닥: ICON)은 2025년 11월 24일에 132,144 주의 보통주를 SEPA(대기 주식 매입 계약)에 따라 평균 $1.86에 매각했다고 발표했다.
Icon은 2025년 8월 27일에 SEPA를 체결했으며, 그 하에 투자자는 3년 동안 최대 $20백만의 보통주를 매입할 의무가 있다. 회사는 SEPA가 전략적 이니셔티브, 운영 및 잠재적 성장 기회를 지원하기 위해 재량에 따라 사용할 수 있는 유연한 자본 소스라고 밝혔다.
Icon Energy Corp (Nasdaq : ICON) a annoncé le 24 novembre 2025 avoir vendu 132 144 actions ordinaires dans le cadre de son Standby Equity Purchase Agreement (SEPA) à un prix moyen de $1,86 par action.
Icon a conclu le SEPA le 27 août 2025, selon lequel un investisseur est tenu d’acheter jusqu’à $20 millions d’actions ordinaires sur trois ans. L’entreprise affirme que le SEPA est une source de capital flexible que l’entreprise peut utiliser à sa discrétion pour soutenir des initiatives stratégiques, des opérations et des opportunités de croissance potentielles.
Icon Energy Corp (Nasdaq: ICON) gab am 24. November 2025 bekannt, dass es 132.144 Stammaktien im Rahmen seiner Standby Equity Purchase Agreement (SEPA) zu einem Durchschnittspreis von $1,86 pro Aktie verkauft hat.
Icon trat dem SEPA am 27. August 2025 bei, wofür ein Investor verpflichtet ist, innerhalb von drei Jahren bis zu $20 Millionen Stammaktien zu erwerben. Das Unternehmen sagt, dass SEPA eine flexible Kapitalquelle ist, die das Unternehmen nach eigenem Ermessen nutzen kann, um strategische Initiativen, Betriebe und potenzielle Wachstumschancen zu unterstützen.
Icon Energy Corp (ناسداك: ICON) أعلنت في 24 نوفمبر 2025 أنها باعت 132,144 سهماً عادياً بموجب Standby Equity Purchase Agreement (SEPA) بسعر سهم متوسط قدره $1.86.
دخلت Icon في SEPA في 27 أغسطس 2025، بموجبه يكون على المستثمر الالتزام بشراء ما يصل إلى $20 مليون من الأسهم العادية خلال ثلاث سنوات. تقول الشركة إن SEPA هو مصدر رأس مال مرن قد تستخدمه الشركة وفق تقديرها لدعم المبادرات الاستراتيجية والعمليات وفرص النمو المحتملة.
- 132,144 shares sold under SEPA to raise capital
- Average price $1.86 per share received to date
- SEPA provides up to $20 million funding capacity over three years
- SEPA usage may cause shareholder dilution if fully drawn
- Only $245,773 raised so far vs $20 million capacity
ATHENS, Greece, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Icon Energy Corp. (“Icon” or the “Company”) (Nasdaq: ICON), an international shipping company providing worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, announced today that to date it has sold 132,144 shares of the Company’s common shares pursuant to advances under the Standby Equity Purchase Agreement (“SEPA”) at an average price per share of
As previously announced, Icon entered into the SEPA with an investor on August 27, 2025. Subject to its terms and conditions, Icon has the right (but not the obligation) to issue to the investor, and the investor has the obligation to purchase up to
Icon believes that the SEPA provides a flexible and efficient source of capital that it may utilize at times and amounts of its choosing, to pursue potential growth opportunities with greater confidence and support strategic initiatives and operations.
About Icon Energy Corp.
Icon is an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. Icon maintains its principal executive office in Athens, Greece, and its common shares trade on the Nasdaq Capital Market under the symbol “ICON.”
Contact Information
Icon Energy Corp.
Dennis Psachos
Chief Financial Officer
+30 211 88 81 300
ir@icon-nrg.com
www.icon-nrg.com
FAQ
How many ICON shares were sold under the SEPA as of Nov 24, 2025?
What average price did ICON receive per share under the SEPA?
When did ICON enter the SEPA and what is its size?
What does the ICON SEPA mean for shareholders and dilution risk?
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