Icon Vitality (ICON) introduced an replace on sure company issues and that its board of administrators has decided to impact a 1-for-40 reverse inventory cut up of the Firm’s issued widespread shares par worth $0.001 efficient on the opening of buying and selling on April 1, 2025. On January 24, 2025, the Firm introduced the closing of its $12M public providing of models containing Widespread Shares and warrants to buy Widespread Shares, as set forth in additional element within the Firm’s registration assertion on Kind F-1 filed with the U.S. Securities and Alternate Fee and declared efficient by the SEC on January 23, 2025. The Firm updates buyers that, as of March 27, 2025, 99.99% of the Warrants have been exercised. The Reverse Inventory Cut up shall be efficient, and the Widespread Shares will start buying and selling on a split-adjusted foundation on the Nasdaq Capital Market, on the opening of buying and selling on April 1, 2025, below the present buying and selling image “ICON.” The brand new CUSIP quantity for the Widespread Shares following the Reverse Inventory Cut up shall be Y4001C 206. When the Reverse Inventory Cut up turns into efficient, each 40 issued and excellent Widespread Shares shall be mechanically transformed into 1 issued and excellent Widespread Share with none change within the par worth per share or the entire variety of Widespread Shares the Firm is allowed to situation.
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