Icon Energy Faces Nasdaq Bid Price Non-Compliance
Ticker: ICON · Form: 6-K · Filed: Mar 13, 2025 · CIK: 1995574
| Field | Detail |
|---|---|
| Company | Icon Energy CORP (ICON) |
| Form Type | 6-K |
| Filed Date | Mar 13, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-compliance, delisting-risk, sec-filing
TL;DR
Nasdaq says Icon Energy's stock price is too low, giving them 180 days to fix it or get booted.
AI Summary
Icon Energy Corp. received a notification from The Nasdaq Stock Market on March 13, 2025, stating it is not in compliance with the minimum $1.00 bid price requirement. The company has a compliance period of 180 calendar days to regain compliance.
Why It Matters
Failure to meet Nasdaq's minimum bid price could lead to delisting, impacting the company's liquidity and investor confidence.
Risk Assessment
Risk Level: medium — The company is at risk of delisting from Nasdaq if it cannot meet the minimum bid price requirement within the specified timeframe.
Key Numbers
- $1.00 — Minimum Bid Price (The minimum price per share required by Nasdaq for continued listing.)
- 180 days — Compliance Period (The timeframe Icon Energy has to regain compliance with Nasdaq's minimum bid price rule.)
Key Players & Entities
- Icon Energy Corp. (company) — Registrant
- The Nasdaq Stock Market (company) — Exchange where the company is listed
- $1.00 (dollar_amount) — Minimum bid price requirement
- March 13, 2025 (date) — Date of notification
- 180 calendar days (duration) — Compliance period
FAQ
What specific rule is Icon Energy Corp. not in compliance with?
Icon Energy Corp. is not in compliance with Nasdaq's minimum $1.00 bid price requirement.
When did Icon Energy Corp. receive this notification from Nasdaq?
The notification was received on March 13, 2025.
How long does Icon Energy Corp. have to regain compliance?
The company has 180 calendar days to regain compliance.
What is the consequence of failing to regain compliance?
Failure to regain compliance could lead to the delisting of the Company's securities from The Nasdaq Stock Market.
What is the company's principal executive office address?
The company's principal executive office is located at 17th km National Road Athens-Lamia & Foinikos Str., 14564, Nea Kifissia, Athens, Greece.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 13, 2025 regarding Icon Energy Corp (ICON).