Icon Energy (ICON) has sold an aggregate of 680,023 shares of the Company’s common shares pursuant to advances under the Standby Equity Purchase Agreement, generating net proceeds of $2.3M at an average price per share of $3.31. 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 to issue to the investor, and the investor has the obligation to purchase up to $20M worth of the Company’s common shares over a period of three years.
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