Following the structural mishap on landing in the ocean off Miami and after very careful and deliberate consideration, Icon CEO Kirk Hawkins and the Board of Directors have made a joint statement:

"Since after 10 years without a single customer delivery of the Icon A5, we have decided to pivot and go in a new and different business direction. We are excited and proud to announce that we have just completed our 27th round of private equity financing and have purchased all the assets of the Sea Ray boat company. We will immediately begin to design and build a new "unsinkable" boat. We will showcase this new boat called the Hubris at the Fort Lauderdale on the water boat show later this year. Deposits will be taken at this time. Prior to this, we will be at Oshkosh in July for one last time where we will auction off the 2 remaining proof of production A5's.