Iconix Brand (ICON) Closes 11.5 Million Share Offering at $15 Per Share

June 9, 2009 3:36 PM EDT

Iconix Brand Group, Inc. (Nasdaq: ICON) announced the closing of the public offering of 11.5 million shares of its common stock at a price to the public of $15.00 per share, of which 800,000 shares were sold by certain selling stockholders named in the prospectus. The net proceeds to Iconix, after payment of underwriting discounts and other estimated expenses of the offering, were approximately $152.9 million.

Iconix intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, funding acquisitions. Iconix did not receive any proceeds from the shares sold by the selling stockholders. The total number of shares sold included 1.5 million shares of common stock sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters.

Iconix Brand Group, Inc., a brand management company, engages in licensing, marketing, and providing a portfolio of consumer brands in the United States and internationally.[SM]

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