Houston American Energy Corp. raised $1.2 million through a registered direct offering at $14.80 per share.

From GlobeNewswire.: 2025-06-24 09:15:00

Houston American Energy Corp. (NYSE American: HUSA) has entered a definitive agreement with an institutional investor for the purchase and sale of 81,629 shares of common stock at $14.80 per share, totaling approximately $1.2 million in a registered direct offering. The net proceeds of $1 million will be used for general corporate purposes. The transaction is expected to close on June 25, 2025, subject to customary closing conditions. The offering is made pursuant to a shelf registration statement on Form S-3 and a final prospectus supplement will be filed with the SEC. Univest Securities, LLC is the sole placement agent for the Offering.

The Placement Agency Agreement entitles Univest Securities, LLC to a fee of 8.0% of the proceeds received by the Company in the Offering, totaling not more than $10,000. This press release does not constitute an offer to sell or buy securities. Forward-looking information in the release includes statements about the gross proceeds from the offering and the anticipated closing. The Company has made assumptions, but there are inherent risks and uncertainties that could impact actual results. For more information, visit the company’s website or contact Houston American Energy Corp. at (713) 222-6966.



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