Houston American to sell 2.6M shares at $1.70 in registered direct offering

Houston American Energy (HUSA) has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 2,600,000 shares of the Company’s common stock, par value $0.001 per share at a purchase price of $1.70 per share in a registered direct offering. The aggregate gross proceeds to the Company of this offering are expected to be approximately $4,420,000. The transaction is expected to close on or about January 23, 2025, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.