Icon Energy sells 132,144 shares under equity purchase agreement

Icon Energy Corp. (NASDAQ: ICON) has sold 132,144 shares of common stock at an average price of $1.86 per share through its Standby Equity Purchase Agreement, according to a company statement.

The Athens-based international shipping company entered into the SEPA with an investor on August 27, 2025. Under the agreement's terms, Icon has the right to issue up to $20 million worth of common shares to the investor over a three-year period, though the company is not obligated to do so.

Icon provides seaborne transportation services for dry bulk cargoes through its fleet of oceangoing vessels. The company's shares trade on the Nasdaq Capital Market under the symbol "ICON."

The sale represents Icon's utilization of the equity purchase agreement since its establishment earlier this year. The agreement allows the company to access capital at times and amounts of its choosing.

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