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Stock impact report

Houston American Energy Corp. Announces $8.0 Million Registered Direct Offering

Houston American Energy Corporation (HUSA) 
NASDAQ:AMEX Investor Relations: houstonamerican.com
Company Research Source: GlobeNewswire
HOUSTON, TX, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) and its wholly owned subsidiary, Abundia Global Impact Group, LLC (“AGIG”), today announced that it has 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 $8.0 million, 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. The Company intends to use the net proceeds to advance the development of its planned plastic recycling facility, for working capital and other general corporate purposes, as well as to repay the balance of a convertible note. In addition to the c Show less Read more
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