Icon Energy Corp. (“Icon” or the “Company”) an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, announced the closing of its public offering of 9,160,305 units at a public offering price of $1.31 per unit. Each unit consisted of one common share and one warrant to purchase one common share.
The common shares and accompanying warrants were purchased together in this public offering but were issued separately and were immediately separable upon issuance. Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, were $12.0 million. The Company intends to use the net proceeds of this offering for general corporate purposes, which may include, among other things, funding for working capital needs, debt repayments, and fleet expansion.
Maxim Group LLC acted as sole placement agent in connection with the offering.
A registration statement on Form F-1 (File No. 333-284370) was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on January 23, 2025 and a registration statement on Form F-1 filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, was filed with the SEC and became effective upon filing on January 23, 2025 (together, the “registration statement”). A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. The offering was made only by means of a prospectus. Electronic copies of the prospectus relating to this offering may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.