Houston American Energy Announces Reverse Stock Split

Houston American Energy ( (HUSA) ) has provided an announcement.

On May 28, 2025, Houston American Energy Corp. announced a 1-for-10 reverse stock split approved by its Board of Directors, aimed at increasing the market price per share to meet the New York Stock Exchange American’s initial listing requirements. This move is linked to the company’s acquisition of Abundia Global Impact Group, LLC, and will take effect after market close on June 6, 2025, with trading on a split-adjusted basis beginning June 9, 2025. The reverse stock split will reduce the number of outstanding shares from approximately 15,686,533 to 1,568,653, without affecting stockholders’ percentage ownership. The company’s trading symbol will remain ‘HUSA’, and the new CUSIP number will be 44183U 308.

More about Houston American Energy

Houston American Energy Corp. is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties, primarily in the U.S. Permian Basin and the Louisiana U.S. Gulf Coast region.

Average Trading Volume: 304,529

Technical Sentiment Signal: Sell

Current Market Cap: $10.82M

For detailed information about HUSA stock, go to TipRanks’ Stock Analysis page.