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. The shares of Common Stock began trading on the Nasdaq Capital Market on July 12, 2024, under the symbol "ICON". 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 and fleet expansion. Maxim Group LLC acted as the sole book-running manager in connection with the Offering. A registration statement on Form F-1 (File No. 333-279394) was filed with the U.S. 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 http://www.sec.gov. The Offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies ...