Icon Energy Corp (ICON) AI Dilution Summary

Cash was $7,716,000 at 2026-06-30 against estimated monthly burn of $282,667. The funding channel in use is the active ATM with Maxim Group LLC, authorised to $3,400,000, with 1,129,253 shares sold since the program began through 2026-06-30; sales after 2026-06-30 are not yet reported. Dilution here is driven primarily by the Series A Cumulative Convertible Perpetual Preferred Shares: 21,390 preferred shares at a $1,000 stated value per share.