Icon Energy Corp (ICON) Form 424B3 — Oct 14, 2026
Icon Energy Corp. (Nasdaq: ICON) agreed to acquire an approximately 2.8% equity interest in an entity that will own a 1,800 TEU ECO container feeder built in 2023, employed under a long-term time charter to a major liner operator at a fixed rate of $24,750 per day through February 2028 at the earliest. The charter is expected to generate roughly $12 million of Minimum Contracted Revenue, and the investment will be funded from cash on hand with closing expected by the end of October 2026, subject to definitive documentation.
Key figures
- Offering Price
- 0.8101
- Shares Offered
- 9811933
- Vessel type
- 1,800 TEU ECO container feeder, built 2023
- Charter expiration
- February 2028 at the earliest
- Vessel charter rate
- $24,750/day
- New coinvestment interest
- 2.8%
- Minimum contracted revenue
- $12 million
- Prior containership investment
- 4.6% equity interest at $26,500/day through June 2028 at the earliest
AI analysis
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