As previously announced, Icon entered into the SEPA with an investor on August 27, 2025. Icon believes that the SEPA provides a flexible and efficient source of capital that, subject to its terms and conditions, may be utilised at times and amounts of the Company’s choosing.
The Company’s disciplined execution resulted in an average price per share sold that exceeded the volume-weighted average market price during the respective period. The Company intends to utilise the net proceeds of US$3.5 million for general corporate purposes and to pursue potential growth opportunities and strategic initiatives.
As of the date hereof, the Company had 2 508 470 common shares issued and outstanding.
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