Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Houston American Energy ( (HUSA) ) just unveiled an announcement.
On June 17, 2025, Houston American Energy Corp. announced a securities purchase agreement for a registered direct offering, aiming to raise approximately $2.37 million through the sale of 223,762 shares of common stock at $10.60 per share. The offering, expected to close on June 20, 2025, will provide net proceeds of about $2.1 million after fees, intended for general corporate purposes and potential acquisitions. The company also entered into a placement agency agreement with Univest Securities, LLC, which will receive 8% of the proceeds as a fee. Discussions about a potential equity purchase agreement with a purchaser were deferred, leaving future negotiations open.
More about Houston American Energy
Houston American Energy Corp. operates in the energy sector, focusing on the exploration and production of oil and natural gas. The company primarily targets opportunities in the United States and internationally, leveraging its expertise to enhance its market presence.
Average Trading Volume: 950,568
Technical Sentiment Signal: Sell
Current Market Cap: $16.63M
See more insights into HUSA stock on TipRanks’ Stock Analysis page.