Houston American Energy signs LOIs to acquire AGIG, RPD Technologies

Houston American Energy (HUSA) announced the signing of two non-binding Letters of Intent to acquire Abundia Global Impact Group and RPD Technologies. These proposed acquisitions comprise a comprehensive strategy aimed at driving shareholder value through diversification and innovation in the energy transition sector. HUSA has entered into a Letter of Intent to acquire 100% of the membership interests of Abundia Global Impact Group LLC. The details of this transaction are currently under negotiation with terms expected to be finalized by the first quarter of 2025. The Letter of Intent is non-binding and subject to customary due diligence. HUSA has entered into a Letter of Intent to acquire 100% of RPD’s membership interests in a debt free transaction with terms that extend over a three-year period. The Letter of Intent is non-binding and subject to customary due diligence.