Houston American Energy Corp. (NYSE American: HUSA) announces a registered direct offering of 2,285,715 shares of common stock at $3.50 per share, raising approximately $8.0 million.
The offering is expected to close on November 21, 2025, subject to customary closing conditions.
Proceeds will be used to advance the development of a plastic recycling facility and for working capital and general corporate purposes
Fundamental Institutional Investors Involved
Existing and new institutional investors participated in the purchase and sale of 2,285,715 shares of common stock at $3.50 per share.
Net Proceeds Allocation
The net proceeds from the offering will be used to advance a plastic recycling facility's development, working capital, and general corporate needs.
Debt Restructuring Agreement
The Company recently restructured senior obligations with its largest strategic investor, strengthening its capital structure for long-term stability.
- The registered direct offering will provide Houston American Energy Corp. with approximately $8.0 million in gross proceeds for strategic initiatives and operational enhancements.
- By transitioning senior obligations into a more stable, long-term position, the Company gains improved financial flexibility to drive its growth and development plans.
This registered direct offering and debt restructuring signify Houston American Energy Corp.'s commitment to advancing its strategic initiatives and enhancing financial stability for future growth.