Icon Energy Corp. (ICON) sets 1-for-5 reverse stock split for Jan 8
Rhea-AI Filing Summary
Icon Energy Corp. has approved a 1-for-5 reverse stock split of its common shares, effective with the commencement of business on January 8, 2026. This reverse split consolidates every five issued and outstanding common shares into one share, reducing the number of issued common shares from approximately 3,460,000 to approximately 692,000, subject to adjustment for the cancellation of fractional shares. The reverse split does not change the number of common shares the company is authorized to issue or the $0.001 par value per share. The company’s stated capital is reduced from approximately $3,460 to approximately $692, with the reduction amount allocated to surplus.
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Insights
Icon Energy is consolidating its share count through a 1-for-5 reverse split.
Icon Energy Corp. is implementing a 1-for-5 reverse stock split of its issued and outstanding common shares effective on
The filing also reduces stated capital from about
Future company disclosures may explain how the new share structure interacts with listing requirements, capital-raising plans, or investor communications. For now, the key concrete milestone is the effectiveness of the reverse split at the start of business on