IPO - Icon Energy Corp

Form Type: 424B4

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000114036125001854

Filing Summary: Icon Energy Corp is offering up to 9,160,305 units consisting of one common share and one Class A warrant to purchase one common share, with an offer price of $1.31 per unit. The common shares and warrants are to be issued as part of the offering with the warrants immediately exercisable at an initial price of $2.62 per common share. The offering, planned to close on or about January 24, 2025, includes pre-funded warrants for buyers exceeding beneficial ownership thresholds. Additional details include mechanisms for cashless exercise of warrants and adjustments in exercise price based on market performance, emphasizing the company's flexible capital structure. Icon Energy recently expanded its fleet, bringing its second vessel into service while maintaining a strong market focus. The placement agent for this offering is Maxim Group LLC, which will not purchase or sell any of the securities. The document conveys that the company classifies as an emerging growth company, thereby opting for reduced reporting requirements. There are identified risks including market volatility and operational challenges, but the company appears geared for growth in the shipping sector.

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Form Type: F-1MEF

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000114036125001679

Filing Summary: Icon Energy Corp. is filing a registration statement under the Securities Act of 1933, filing Form F-1MEF to register additional securities following a prior registration statement on Form F-1. This filing is for registering additional units that include common shares and warrants linked to the offering detailed in the earlier statement. The registration aims to facilitate a public sale as soon as the statement becomes effective. The registrant qualifies as an emerging growth company and has elected not to use the extended transition period for compliance with new financial accounting standards. Legal opinions and consents have been included with the filing.

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Form Type: CORRESP

Filing Date: 2025-01-22

Corporate Action: Ipo

Type: New

Accession Number: 000114036125001572

Filing Summary: Icon Energy Corp. has filed a request with the U.S. Securities and Exchange Commission to accelerate the effectiveness of its Registration Statement on Form F-1, originally filed on January 21, 2025. The company requests that the registration be made effective at 9:00 AM Eastern Time on January 23, 2025, under Rule 461 of the Securities Act of 1933. The correspondence indicates the company's commitment to adhere to its obligations under the Act and includes contact information for their legal counsel for any inquiries regarding this request.

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Form Type: F-1

Filing Date: 2025-01-21

Corporate Action: Ipo

Type: New

Accession Number: 000114036125001471

Filing Summary: Icon Energy Corp is filing a registration statement under the Securities Act of 1933 for an initial public offering (IPO). The company is offering up to 4,739,336 units, each unit consisting of one common share and one Class A warrant to purchase one common share, at an assumed public offering price of $2.11 per unit based on recent market conditions. The units will not be certificated or issued as standalone securities. The company is also providing an alternative structure for purchasers that exceed beneficial ownership thresholds through pre-funded warrants. Each pre-funded warrant will allow the holder to purchase one common share, subject to beneficial ownership limitations. This IPO is positioned to be conducted on a best efforts basis, and the common shares are expected to be listed on the Nasdaq under the symbol 'ICON'. Icon Energy is classified as an emerging growth company and plans to continue its growth through disciplined vessel acquisitions and optimizing its chartering strategy. Significant risks include reliance on the market for dry bulk shipping and control by the majority stakeholder, Mrs. Ismini Panagiotidi, who holds a substantial voting power.

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Form Type: DRSLTR

Filing Date: 2024-12-30

Corporate Action: Ipo

Type: New

Accession Number: 000114036124050621

Filing Summary: Icon Energy Corp has confidentially submitted a draft registration statement on Form F-1 for a proposed public offering of units. Each unit consists of one common share of the Company, and potentially, a pre-funded warrant to purchase one common share, along with a warrant to purchase one common share. This submission follows a previously declared effective registration statement on Form F-1 related to its initial public offering, which was effective on July 11, 2024. The contents of the new Draft Registration Statement are substantially similar to the previous IPO Registration Statement. This draft is submitted for confidential review, with plans to publicly file the registration statement at least 48 hours before any requested effective date, complying with the procedures of the U.S. Securities and Exchange Commission. The Company confirms it qualifies as an 'Emerging Growth Company' under the Jumpstart Our Business Startups Act.

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