Iconic Labs Plc is a United Kingdom-based cash shell company focused on identifying, acquiring and growing technology-driven businesses in the online media, artificial intelligence, and big data sectors through reverse takeovers. The company provides consultancy, marketing and distribution services to lean online companies enabling rapid scaling and international operations via information and video gathering, data mining, just-in-time processing, and online collaboration technology; its sole asset is Gay Star News, an online media platform dedicated to the LGBTQ+ community that generates no revenue. Incorporated in 2016 and headquartered at 7 Bell Yard, London, England, Iconic Labs operates primarily in the United Kingdom with a strategy targeting acquisitions meeting minimum market capitalisation requirements of £30m, strong fundamentals and growth potential.
In recent developments, the company pursued a reverse takeover of ITS Holdings 2024 Ltd, parent of online fashion retailer In The Style Fashion Limited, entering non-binding heads of terms in 2024 following share suspension, but terminated the transaction on 13 February 2025. Trading resumed on the London Stock Exchange Main Market on 20 May 2025 after suspension lift; the group reported a pretax loss widening to £619,333 for the year ended 30 June 2025 from £246,052 the prior year, funded via promissory notes and convertible loan notes including £354,495 new issuances. Ongoing efforts emphasise cost reduction, further funding from WTGO's WTGO Fund, and securing alternative RTO targets to drive long-term shareholder value, amid risks of dilution from note conversions and going concern uncertainties.