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Iconic Labs possible RTO announced – the return of Adam Frisby of In The Style infamy: you could not make this shite up!

By Tom Winnifrith | Monday 11 March 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Iconic (ICON) shares which were suspended on 29 February 2023 has announced that it has “entered into non-binding heads of terms with the owners of ITS Holdings 2023 Ltd, the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer, in connection with the potential purchase of the entire issued share capital of the Target. The proposed transaction is, inter alia, conditional on the completion of legal and financial due diligence on the Target. If the name in The Style sounds familiar…
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