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TORONTO, May 11, 2026 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Company”)(TSXV:HFC) today announced the acquisition of a 10% stake in dry bulk shipping company, ICON Energy Corp. (“Icon Energy”)(ICON:NASDAQ)
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Hampton has acquired a 10% stake in Icon Energy in open market transactions. The purchases of an aggregate of 325,000 common shares of Icon Energy are for investment purposes. The total investment by Hampton was approximately C$550,000.
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Icon Energy is an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. Icon Energy maintains its principal executive office in Athens, Greece, and its common shares trade on the Nasdaq Capital Market under the symbol “ICON.” Icon Energy owns 3 dry bulk vessels operating globally.
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“Hampton sees Icon Energy’s current share price as being substantially undervalued when compared to its NAV of approximately US$7.00 per share based on ICON Energy’s publicly available financial statements. Additionally, Hampton believes that significant recent improvements in shipping rates and general industry climate as reported by numerous industry rate tracking systems and news sources are encouraging factors in relation to Icon Energy’s share price,” notes Hampton’s Executive Chairman & CEO, Peter Deeb.
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About Hampton Financial Corporation
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Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly owned subsidiary Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by IIROC and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad.
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The Company is also engaged in the Commercial Lending space through its wholly owned subsidiary, Oxygen Working Capital.
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With today’s investment in Icon Energy, the Company has begun its move into the global ocean-going transport business in line with its stated plan to further diversify its portfolio of operating businesses.
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The Company continues to explore opportunities to diversify its sources of revenue by way of strategic investments in both complimentary business and non-core sectors that can leverage the expertise of its board of directors and the diverse experience of its management team.
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For more information, please contact:
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Olga Juravlev
Chief Financial Officer
Hampton Financial Corporation
(416) 862-8701
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Peter M. Deeb
Executive Chairman & CEO
Hampton Financial Corporation
(416) 862-8651
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The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
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