Houston American prices 81,629 shares at $14.80 in registered direct offering

Houston American Energy (HUSA) entered into a definitive agreement with an institutional investor for the purchase and sale of an aggregate of 81,629 shares of common stock at a purchase price of $14.80 per share in a registered direct offering. The aggregate gross proceeds to the Company of this offering are expected to be approximately $1.2 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds of approximately $1 million from the offering for general corporate purposes. The transaction is expected to close on or about June 25, 2025, subject to the satisfaction of customary closing conditions.