Icon Energy Corp. (ICON) has released an update.
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Icon Energy Corp. has expanded its fleet by acquiring a Kamsarmax dry bulk carrier, built in 2007, for $17.57 million, intending to finance the purchase partly with cash and a new senior secured facility. This strategic move, expected to close between September and November 2024, aims to double the company’s fleet size and drive shareholder value, following the successful Initial Public Offering. Icon Energy, headquartered in Athens, Greece, is a Nasdaq-listed company specializing in the global seaborne transportation of dry bulk cargoes.
For further insights into ICON stock, check out TipRanks’ Stock Analysis page.
