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Houston American Energy ( (HUSA) ) has shared an announcement.
On November 21, 2025, Houston American Energy Corp. completed a registered direct offering, selling 2,285,715 shares of common stock at $3.50 per share, generating gross proceeds of $8.0 million. The funds will be used to develop a planned plastic recycling facility and for general corporate purposes. This capital raise, along with a recent debt restructuring agreement, strengthens the company’s financial position, allowing it to advance strategic initiatives and enhance its capital structure.
More about Houston American Energy
Houston American Energy Corp. is an independent energy company with a diverse portfolio spanning both conventional and renewable sectors. Historically focused on oil and natural gas exploration and production, the company is expanding into high-growth areas of the energy industry. In July 2025, it acquired Abundia Global Impact Group, LLC, a platform specializing in converting waste plastics into low-carbon fuels and chemical feedstocks, reflecting its commitment to a balanced mix of traditional and alternative energy solutions.
Average Trading Volume: 198,873
Technical Sentiment Signal: Strong Sell
Current Market Cap: $170.7M
See more insights into HUSA stock on TipRanks’ Stock Analysis page.