Icon Energy Corp. (ICON) Analysis

Icon Energy (ICON) announced an update on certain corporate matters and that its board of directors has determined to effect a 1-for-40 reverse stock split of the Company’s issued common shares par value $0.001 effective at the opening of trading on April 1, 2025. On January 24, 2025, the Company announced the closing of its $12M public offering of units containing Common Shares and warrants to purchase Common Shares, as set forth in more detail in the Company’s registration statement on Form F-

Been eyeballing ICON Energy (NASDAQ: ICON) and a few other small‑cap shipping stocks lately. With freight rates up, supply chains stressed, and macro tension swirling, these might be worth a casual look. $2.16/share recently, but they’ve added two bulk carriers (M/V Bravo and scrubber‑fitted M/V Charlie) and locked in multi‑year charters tied to Baltic dry‑bulk rates. Also, revenue grew 19% in 2024 ($5.3M), with a $0.07 share dividend despite a small net loss. Besides, Reversed‑split (1‑for‑40...