ATHENS, Greece, July 12, 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 pricing of its 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 underwriting discount. The shares of Common Stock are expected to begin trading on the Nasdaq Capital Market on July 12, 2024, under the symbol "ICON". The Offering is expected to close on July 15, 2024, subject to satisfaction of customary closing conditions. 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 is acting 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 will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov. The Offering is being made only by means ...