In a move to strengthen its leadership following a strategic share exchange with Abundia Global Impact Group , Houston American Energy Corp. today announced the appointment of Matthew T. Henninger to its Board of Directors, effective immediately. Mr. Henninger will serve on the Audit Committee and Compensation Committees. "We are pleased to welcome Matthew to the Company's Board of Directors," said Chairman Peter Longo [...]
Houston American Energy Corp. has completed its acquisition of Abundia Global Impact Group, LLC , creating a leading company focused on converting waste plastics into high-value, drop-in low-carbon fuels and chemical products. The combined company will be led by Abundia's founder, Ed Gillespie, who will serve as Chief Executive Officer and will join the Board of Directors. This strategic acquisition leverages HUSA's [...]
Houston American Energy Corp. today announced that it has entered into a definitive agreement with an institutional investor for the purchase and sale of an aggregate of 81,629 shares of common stock at a purchase price of $14.80 per share in a registered direct offering . The aggregate gross proceeds to the Company of this offering are expected to be approximately $1.2 million, before deducting the placement agent's fees [...]
Houston American Energy Corp. today announced that it has entered into a definitive agreement with an institutional investor for the purchase and sale of an aggregate of 223,762 shares of common stock at a purchase price of $10.60 per share in a registered direct offering . The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.37 million, before deducting the placement agent's [...]
Houston American Energy announced today that the Company had become aware of unusual trading activity in its common stock on the New York Stock Exchange American on June 12 and June 13, 2025. The Company is issuing this press release pursuant to Section 401 of the NYSE Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at this time. The Company is [...]
Houston American Energy Corp. announced today that its Board of Directors approved a reverse stock split of the Company's common stock at a ratio of 1-for-10. The reverse stock split is intended to increase the market price per share of the Company's common stock and help the Company satisfy the initial listing requirements of the New York Stock Exchange American in connection with the closing of HUSA's previously [...]
Houston American Energy Corp. , today announced the results of the Company's special meeting of stockholders held virtually on April 24, 2025. At the Meeting, all of the matters put forward before the Company's stockholders for consideration and approval, as set out in the Company's definitive proxy statement dated April 11, 2025, were approved by the requisite number of votes cast at the meeting. Of most importance, the [...]
Houston American Energy Corp. today announced that it has entered into a definitive agreement to acquire Abundia Global Impact Group, LLC , a company specializing in converting waste into high value fuels and chemicals. The acquisition supports HUSA's strategy to diversify its portfolio, expand its global footprint and execute its comprehensive strategy aimed at driving shareholder value through innovation in the [...]
Houston American Energy Corp. today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 2,600,000 shares of the Company's common stock, par value $0.001 per share at a purchase price of $1.70 per share in a registered direct offering. The aggregate gross proceeds to the Company of this offering are expected to be approximately $4,420,000. The [...]
Houston American Energy Corp. today announced a pivotal step towards a transformation into an integrated energy and technology company with the signing of two non-binding Letters of Intent to acquire Abundia Global Impact Group LLC and RPD Technologies . These proposed acquisitions comprise a comprehensive strategy aimed at driving shareholder value through diversification and innovation in the energy transition sector [...]
Houston American Energy Corp. today announced that the company has closed a private placement offering for the issuance and sale of 2,180,180 shares of common stock of the company to an accredited investor. The aggregate gross proceeds to the company from the offering were approximately $2.5 million, before deducting placement agent fees and other offering expenses. Univest Securities, LLC acted as the exclusive placement [...]
Houston American Energy Corp. today announced plans to participate in the drilling of six wells, each well consisting of an approximate 3 mile lateral, on the State Finkle Unit in the Wolfcamp formation in Reeves County, Texas. EOG Resources will act as operator of the unit and is the principal working interest owner in the unit. The unit includes acreage subject to our existing O'Brien lease. We will hold an [...]