Icon energy corp. announces closing of $5.0 million initial public offering

Athens, greece, july 15, 2024 (globe newswire) -- icon energy corp . (“icon energy” or the “company”) (nasdaq: icon), an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announced today the closing of its previously announced initial public offering (the “offering”) of 1,250,000 shares of the company's common stock, par value $0.001 per share (the “common stock”), at an offering price of $4.00 per share, for gross proceeds of approximately $5,000,000, before deducting underwriting discounts and offering expenses. in addition, icon energy has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares of common stock to cover over-allotments at the initial public offering price, less the applicable underwriting discount.
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