Houston American Energy (HUSA) 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 $8M, 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. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. Univest Securities is acting as the financial advisor for the offering.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUSA:
- Houston American Energy Announces 2025 Stockholders Meeting
- Houston American Energy Reports Q3 Financial Results
- Houston American Energy sees Q3 preliminary operating expenses $3.8M
- Houston American Energy breaks ground on renewable energy complex at Cedar Port
- Houston American Energy advances development of SAF