Welcome to our dedicated page for Icon Energy SEC filings (Ticker: ICON), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Icon Energy Corp.'s SEC filings document the company’s foreign private issuer reporting as a dry bulk shipping operator. Form 6-K reports furnish commercial updates on vessel employment, time-charter structures, Baltic Panamax and Baltic Supramax index-linked hire, and fleet disclosures covering vessels such as M/V Alfa, M/V Bravo and M/V Charlie.
The filings also record capital-structure and governance matters, including the company’s Form F-3 registration statement, at-the-market offering agreement, Standby Equity Purchase Agreement updates, share repurchase authorization and January 2026 1-for-5 reverse stock split. Proxy and annual meeting materials disclose director elections, auditor ratification, shareholder voting by common shares and Series B Perpetual Preferred Shares, and amendments to the company’s Marshall Islands organizational documents.
Icon Energy Corp. filed a prospectus supplement updating its resale registration for up to 9,811,933 common shares by YA II PN, Ltd., and furnished June 30, 2026 unaudited interim financials. Common shares trade on Nasdaq Capital Market under symbol ICON at $1.03 on August 13, 2026.
For the six months ended June 30, 2026, Icon reported revenue of $7,832 thousand and a net loss of $367 thousand, a substantial improvement from a $3,694 thousand loss a year earlier, while cumulative dividends on Series A preferred shares were $2,436 thousand. Total assets were $64,843 thousand, long‑term debt net was $33,821 thousand, and cash and cash equivalents were $7,716 thousand.
The company adopted an Equity Incentive Plan initially reserving 540,000 common shares and 3,200 Series A preferred shares, with an automatic increase to 15% of fully diluted shares. A limited waiver with the sole Series A holder waived a dividend rate increase and certain conversion rights in exchange for a restricted stock dividend of $1.5 million in common shares by December 31, 2026, subject to a 180‑day lock‑up.
Icon Energy Corp. reported stronger operating performance for the six months ended June 30, 2026. Revenue was $7.8 million, up from $3.5 million a year earlier, driven largely by the Ultramax M/V Charlie finance-leased in 2025, while net loss narrowed to $0.4 million from $3.7 million.
Operating loss was modest at $0.1 million as higher vessel operating, drydocking and G&A costs offset revenue growth. Operating activities used $1.9 million of cash, but equity issuances under a standby equity purchase agreement and an ATM program plus earlier offerings provided $6.0 million of financing cash, lifting cash and restricted cash to $8.2 million.
Total assets were $64.8 million, including $49.5 million of vessels and $3.6 million of deferred drydocking costs. Long-term debt, including a finance lease on M/V Charlie, was $33.8 million net of costs, with the company stating compliance with loan covenants and $13.9 million of minimum contracted charter revenue through 2027.
Common equity increased through share issuances to 3.9 million shares issued, partly offset by repurchase of 111,082 shares. Preferred financing remains significant: cumulative dividends on Series A Preferred Shares were $2.4 million in the period at a 25.7% rate, and a limited waiver commits Icon to pay a $1.5 million restricted stock dividend by December 31, 2026. The company also adopted a new Equity Incentive Plan in August 2026.
Icon Energy Corp disclosed an internal restructuring-style transaction involving its Series A Cumulative Convertible Perpetual Preferred Shares. On June 30, 2026, Atlantis Holding Corp., an entity controlled by CEO and director Panagiotidi Ismini Evangelia, received 2,436 Series A Preferred Shares as a dividend paid in kind rather than in cash.
The company approved dividends on these preferred shares in an aggregate amount of $2,436,053 and satisfied this obligation by issuing 2,436 additional Series A Preferred Shares. Following this issuance, Atlantis held 21,390 Series A Preferred Shares. These preferred shares are convertible into common shares at the holder’s option until July 15, 2032 at a conversion price equal to the lesser of $1,200 and the five-day volume weighted average price of Icon Energy’s common shares before a conversion notice.
Icon Energy Corp’s major holder Atlantis Holding Corp, together with Ismini Panagiotidi, has updated its Schedule 13D to reflect its current stake. They report beneficial ownership of 23,954,522 common shares on an as-converted basis, representing 86.4% of the class under Rule 13d-3(d)(1)(i).
This figure includes 1,000 common shares and 23,953,522 shares issuable from 21,390 Series A Cumulative Convertible Perpetual Preferred Shares. On June 30, 2026, Atlantis received an additional 2,436 Series A Preferred Shares as a pay-in-kind dividend, increasing its convertible position. All Series A Preferred Shares are convertible into common shares from July 16, 2025 through July 15, 2032. Panagiotidi controls Atlantis, so both reporting persons share voting and dispositive power over the reported shares, and they state no other common share transactions in the prior sixty days.
Icon Energy Corp. registers 9,811,933 common shares for resale by YA II PN, Ltd. The prospectus supplement updates the March 13, 2026 prospectus and states the shares may be sold from time to time by the selling holder.
The supplement discloses a last reported sale price of $1.09 per share as of June 8, 2026 and furnishes interim condensed consolidated financial statements as of March 31, 2026. It also describes a new Master Management Agreement with Pavimar Shipping Co., retroactively effective April 1, 2026, that sets recurring Corporate Services fees, ship management fees, capital raising commissions, and other contingent incentive fees.
Icon Energy Corp. reports much stronger results for the three months ended March 31, 2026, with net revenue of $3.6M, up 139% from $1.5M a year earlier. Net income was $0.4M versus a net loss of $3.0M in 2025, helped by gains on equity-linked instruments and lower finance costs.
The dry bulk fleet grew from two to three vessels, driving Ownership Days from 180.0 to 270.0 and Vessel Utilization of about 99.9%. Cash, cash equivalents and restricted cash rose to $9.7M, while long‑term debt, including a finance lease, was $34.3M net of deferred costs.
Icon raised equity through a Standby Equity Purchase Agreement and an at‑the‑market program, issuing over 2.4 million common shares in the quarter. It also entered into a new eight‑year Master Management Agreement with related‑party Pavimar Shipping and approved a $488K investment for a 4.7% stake in a long‑term chartered containership.
Icon Energy Corp. files a prospectus supplement registering up to 9,811,933 common shares for resale by YA II PN, Ltd. The supplement incorporates a Form 6-K commercial update describing vessel employment, including a conversion to a fixed hire of $18,000 per day for the M/V Alfa from June through December 2026, which the company estimates contributes approximately $3.7 million to its minimum contracted revenue.
Icon Energy Corp. reports a commercial update on its dry bulk fleet. The company exercised an option on the Panamax vessel M/V Alfa, switching from an index-linked time charter to a fixed daily hire rate of $18,000 for the seven-month period from June to December 2026.
This fixed charter is expected to contribute approximately $3.7 million to Icon’s estimated minimum contracted revenue, improving earnings visibility and contractual coverage through year-end. The M/V Bravo and M/V Charlie remain on index-linked time charters, leaving Icon with a blend of fixed and floating rate exposure across its three-vessel fleet.
Icon Energy Corp reported that HAMPTON FINANCIAL CORP. beneficially owned 325,000 common shares, representing 10.1% of the class. The filing states there were 3,214,069 common shares outstanding as of May 6, 2026. The filer reports sole voting and sole dispositive power over the reported shares.
Icon Energy Corp. filed a prospectus supplement updating its Form F-1 resale prospectus to cover the sale from time to time of up to 9,811,933 common shares by YA II PN, Ltd. The supplement references a Form 6-K commercial update describing a new 16–20 month index-linked charter for the M/V Charlie that the Company estimates will add approximately $7.2 million to its minimum contracted revenue and runs between August and December 2027 (expected commencement after current charter ends in April 2026). The filing notes the company's common shares trade on Nasdaq under the symbol ICON, with a reported last sale price of $0.82 per share on March 31, 2026. The prospectus supplement is to be read with the underlying prospectus; the resale is by YA II PN, Ltd., and proceeds from resales will not be received by the issuer.