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Iconic Labs - the risk of buying into a shell in hope of an RTO

By Tom Winnifrith | Saturday 11 January 2025


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 were suspended from trading on 29 February 2024. It announced that it had signed non binding heads of terms with ITS Holdings 2023 Limited which had acquired the In The Style fashion company on 27 March 2023 from the previous listed owned when it was run by Adam Frisby. Adam no longer has any connection with the company.
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