Houston American Energy shareholders approve acquisition of Abundia

Houston American Energy (HUSA) announced the results of the Company’s special meeting of stockholders (the “Meeting”) held virtually on April 24, 2025. At the Meeting, all of the matters put forward before the Company’s stockholders for consideration and approval, as set out in the Company’s definitive proxy statement dated April 11, 2025, were approved by the requisite number of votes cast at the meeting. Of most importance, the HUSA shareholders approved the Company’s proposed acquisition of Abundia Global Impact Group with over 90% of shareholders’ votes cast supporting HUSA’s plan to acquire AGIG, a company specializing in converting waste into high value fuels and chemicals. The acquisition supports HUSA’s strategy to diversify its portfolio, expand its global footprint and execute its strategy aimed at driving shareholder value through innovation in the renewable energy sector. HUSA and AGIG will continue developing a structured integration and execution plan, with additional updates to come as the acquisition advances toward closing. HUSA currently anticipates closing on the AGIG acquisition by the end of second quarter of 2025.