Icon Energy (ICON) announced that to date it has sold 132,144 shares of the Company’s common shares pursuant to advances under the Standby Equity Purchase Agreement at an average price per share of $1.86. 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 $20 million worth of the Company’s common shares over a period of three years.
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