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An announcement from Icon Energy Corp. ( (ICON) ) is now available.
On January 24, 2025, Icon Energy Corp. successfully closed a public offering of 9,160,305 units, each consisting of one common share and one Class A Warrant, at a unit price of $1.31, raising approximately $12 million in gross proceeds. The offering aims to support general corporate purposes, including working capital, debt repayment, and fleet expansion, positioning the company for future growth in the maritime shipping industry.
More about Icon Energy Corp.
Icon Energy Corp. is an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes using its fleet of oceangoing vessels. The company is headquartered in Athens, Greece, and its common shares are traded on the Nasdaq Capital Market under the symbol ‘ICON.’
YTD Price Performance: -80.73%
Average Trading Volume: 504,912
Technical Sentiment Consensus Rating: Strong Buy
Learn more about ICON stock on TipRanks’ Stock Analysis page.