Houston American Energy Corp Enters Definitive Agreement For $2.37M Registered Direct Offering Of 223,762 Shares Of Common Stock And Pre-Funded Warrants At $10.60 Per Share To Institutional Investor

Author: Benzinga Newsdesk | June 18, 2025 08:06am

Houston American Energy Corp. (NYSE:HUSA) (the "Company") today announced that it has entered into a definitive agreement with an institutional investor (the "SPA") for the purchase and sale of an aggregate of 223,762 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $10.60 per share (or pre-funded warrant in lieu thereof) in a registered direct offering (the "Offering"). 

The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.37 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 $2.1 million from the offering for general corporate purposes. The transaction is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions.

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