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Houston American Energy ( (HUSA) ) has issued an announcement.
On April 24, 2025, Houston American Energy Corp. held a special meeting of stockholders where several proposals were approved, including the issuance of new shares, a reverse stock split, and an increase in authorized shares. Most notably, over 90% of shareholders supported the acquisition of Abundia Global Impact Group, a company specializing in converting waste into high-value fuels and chemicals. This acquisition aligns with Houston American Energy’s strategy to diversify its portfolio and expand its presence in the renewable energy sector, with the closing anticipated by the end of the second quarter of 2025.
More about Houston American Energy
Houston American Energy Corp. is an independent oil and gas company focused on the development, exploration, acquisition, and production of natural gas and crude oil properties. Its principal properties and operations are located in the U.S. Permian Basin and the Louisiana U.S. Gulf Coast region.
YTD Price Performance: -53.90%
Average Trading Volume: 418,816
Technical Sentiment Signal: Buy
Current Market Cap: $9.84M
Learn more about HUSA stock on TipRanks’ Stock Analysis page.