Icon Energy Corp. has announced the sale of 1,136,470 common shares at an average price of $3.11 per share, generating approximately $3.5 million in net proceeds. The shares were sold pursuant to advances under a Standby Equity Purchase Agreement $(SEPA)$ with an investor, which was entered into on August 27, 2025. The company stated that the SEPA provides a flexible and efficient source of capital, and that the proceeds will be used for general corporate purposes and to pursue growth opportunities and strategic initiatives. Following the transaction, Icon Energy Corp. has 2,508,470 common shares outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icon Energy Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9629748-en) on January 21, 2026, and is solely responsible for the information contained therein.