Houston American Energy Corp (HUSA) News & EventsHUSAHouston American Energy Corp

Houston American Energy Rebrands as Abundia Global Impact

Houston American Energy plans to change its name to Abundia Global Impact Group Inc., on or about December 8, 2025, and will trade under a new ticker symbol "AGIG" on NYSE American exchange. The Company believes the name change better reflects its focus on sustainable fuels and energy transition technologies, following its acquisition of Abundia Global Impact Group. The planned name change reflects the Company's long-term vision to build a scalable platform in circular fuels, sustainable feedstocks, and next-generation low-carbon energy solutions. As the Company transitions into Abundia Global Impact Group Inc., it intends to focus on advancing technologies that convert waste plastics and other renewable feedstocks into low-carbon fuels, chemical intermediates, and clean energy products. This strategic direction positions the Company to participate in one of the fastest-growing segments of the global energy economy while addressing critical sustainability and waste-management challenges.

Houston American Energy sets offering price at $3.50 for 2.29 million shares

Houston American Energy entered into securities purchase agreements with existing and new fundamental institutional investors for the purchase and sale of 2,285,715 shares of common stock at a purchase price of $3.50 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $8M, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about November 21, 2025, subject to the satisfaction of customary closing conditions. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. Univest Securities is acting as the financial advisor for the offering.

Houston American Energy reports preliminary operating expenses of $3.8M for Q3.

Third Quarter 2025 Preliminary, Unaudited Results: Preliminary, total operating expenses for the third quarter 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to the second quarter 2025 reflecting the operating costs of the number of the combined organization following the acquisition on July 1, 2025, as well as the additional costs of integration. The increased cost also reflects a number of initiatives undertaken in the quarter: Completion of acquisition of 25-acre site in Cedar Port, Baytown, TX; Appointment of Nexus PMG as Engineering and Service Provider to support the development of Abundia Global Impact Group LLC's, a wholly-owned subsidiary of HUSA Plastics Recycling Facility and Innovation Hub; Breaking ground on the AGIG Innovation Hub and R&D Center at Cedar Port; Further development of biomass to liquid fuels and sustainable aviation fuel with the execution of a binding term sheet with BTG Bioliquids B.V.; Establishment of a new Board of Directors following the acquisition of AGIG, integrating seasoned industry and financial leaders to support the Company's transition into low-carbon fuels and chemicals. Preliminary, unaudited cash and cash equivalents as of September 30, 2025, is expected to be approximately $1.5 million. Preliminary, unaudited goodwill as of September 30, 2025, is expected to be approximately $13.0 million. Preliminary, unaudited land asset as of September 30, 2025, is expected to be approximately $8.6 million. Preliminary, unaudited debt as of September 30. 2025, is expected to be approximately $11.0 million