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Icon Energy Corp. Announces Closing of $5.0 Million Initial Public Offering

Benzinga LogoBenzinga23h ago

Icon Energy Corp. Announces Closing of $5.0 Million Initial Public Offering - Benzinga

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ATHENS, Greece, July 15, 2024 (GLOBE NEWSWIRE) -- Icon Energy Corp.("Icon Energy" or the "Company") (NASDAQ:ICON), an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announced today the closing of its previously announced initial public offering (the "Offering") of 1,250,000 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), at an offering price of $4.00 per share, for gross proceeds of approximately $5,000,000, before deducting underwriting discounts and offering expenses.

In addition, Icon Energy has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares of Common Stock to cover over-allotments at the initial public offering price, less the applicable underwriting discount.

Securities and Exchange Commission ("SEC"), and was declared effective by the SEC on July 11, 2024. A final prospectus relating to the offering has been filed with the SEC and is available on the SEC's website at The Offering was made only by means of a prospectus forming part of the effective registration statement.Electronic copies ...


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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 20:15:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 924 words

Reading Time: 6 minutes read

Sentences: 23 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21636962

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Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 23 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #54

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