Icon energy (ICON) announced an update on certain business issues and that its board of directors has decided to make a reverse 1 for 40 stock sharing Ordinary shares issued by the company to $ 0.001 in force at the opening of negotiations on April 1, 2025. On January 24, 2025, the company announced the closure of its public offer of $ 12 million in units containing common shares and mandates to buy ordinary shares, as indicated in more detail in the declaration of registration of the company on the F-1 form with the US company and the Commission. And the person declared in force by Secr 23, 2025. This, on March 27, 2025, 99.99% of the mandates were exercised. The split of the inverse actions will be effective and ordinary actions will begin to negotiate on a basis adjusted on the NASDAQ capital market, when the negotiation is opened on April 1, 2025, under the existing “ICON” trading symbol. The new CUSIP number for ordinary actions according to the distribution of inverted actions will be Y4001C 206. When the distribution of inverted shares becomes effective, each 40 actions issued and in circulation will be automatically converted into 1 common shares issued and in circulation without any change in the nominal value per share or the total number of ordinary shares that the company is authorized to issue.
First published The range – The ultimate source of real -time financial and mobile financial on the market. Try now >>
See today’s most efficient actions on Tipranks >>
Learn more about the icon:
