Latest news with #HUSA
Business Upturn
04-08-2025
- Business
- Business Upturn
Houston American Energy Corp. Appoints Martha J. Crawford to Board of Directors
By GlobeNewswire Published on August 4, 2025, 17:30 IST Strategic leader in environmental infrastructure development HOUSTON, TX, Aug. 04, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) ('HUSA' or the 'Company') today announced the appointment of Martha J. Crawford to its Board of Directors (the 'Board'), effective immediately. Dr. Crawford will serve on the Audit Committee and as Chairperson of the Nominating & Governance Committee. 'We are excited to welcome Martha to the Company's Board of Directors,' said CEO Ed Gillespie. 'Martha's extensive corporate, C-suite and Governance experience in major global firms will be an invaluable asset for HUSA. Her background in chemical and environmental engineering, and in particular, her commitment to renewable technologies and solutions, dovetails with the Company's key strategic goals and objectives. We believe Martha's experience will be vital to the Company as we develop and roll out our low-carbon initiatives. We look forward to her contributions to the Board.' 'I am excited to join the Board as HUSA develops its low-carbon technologies and innovation hub on the Gulf Coast,' said Ms. Crawford. 'The Company's strategic vision to be an innovator in the renewable energy and materials space, combined with its accent on scaling already proven technologies, presents a unique and compelling opportunity to make an impact in the circular economy space and bridge a gap between innovation and the capital markets.' Dr. Crawford holds MS and PhD degrees in chemical and environmental engineering from Harvard University. She also holds an MBA from the French College des Ingenieurs, and a CBE from Colombia Business School. She has previously served as Group Vice President of R&D for Air Liquide and as Senior Executive Vice President, R&D and Innovation for Orano (formerly Areva). She has also taught leadership and corporate governance courses at Harvard Business School. Ms. Crawford serves as an Independent Director for Blink Charging and Aries Clean Technologies. Since 2021, she has been working as an operating partner and advisor with Macquarie Group portfolio companies focused on waste management, recycling and the development of circular economies. About Houston American Energy Corp. Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA's broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies. For additional information, view the company's website at or contact Houston American Energy Corp. at (713) 222-6966. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Associated Press
04-08-2025
- Business
- Associated Press
Houston American Energy Corp. Appoints Martha J. Crawford to Board of Directors
Strategic leader in environmental infrastructure development HOUSTON, TX, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ('HUSA' or the 'Company') today announced the appointment of Martha J. Crawford to its Board of Directors (the 'Board'), effective immediately. Dr. Crawford will serve on the Audit Committee and as Chairperson of the Nominating & Governance Committee. 'We are excited to welcome Martha to the Company's Board of Directors,' said CEO Ed Gillespie. 'Martha's extensive corporate, C-suite and Governance experience in major global firms will be an invaluable asset for HUSA. Her background in chemical and environmental engineering, and in particular, her commitment to renewable technologies and solutions, dovetails with the Company's key strategic goals and objectives. We believe Martha's experience will be vital to the Company as we develop and roll out our low-carbon initiatives. We look forward to her contributions to the Board.' 'I am excited to join the Board as HUSA develops its low-carbon technologies and innovation hub on the Gulf Coast,' said Ms. Crawford. 'The Company's strategic vision to be an innovator in the renewable energy and materials space, combined with its accent on scaling already proven technologies, presents a unique and compelling opportunity to make an impact in the circular economy space and bridge a gap between innovation and the capital markets.' Dr. Crawford holds MS and PhD degrees in chemical and environmental engineering from Harvard University. She also holds an MBA from the French College des Ingenieurs, and a CBE from Colombia Business School. She has previously served as Group Vice President of R&D for Air Liquide and as Senior Executive Vice President, R&D and Innovation for Orano (formerly Areva). She has also taught leadership and corporate governance courses at Harvard Business School. Ms. Crawford serves as an Independent Director for Blink Charging and Aries Clean Technologies. Since 2021, she has been working as an operating partner and advisor with Macquarie Group portfolio companies focused on waste management, recycling and the development of circular economies. About Houston American Energy Corp. Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA's broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies. For additional information, view the company's website at or contact Houston American Energy Corp. at (713) 222-6966.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Houston American Energy Acquires Abundia Global Impact Group, Creating a Publicly Traded Innovator in Low-Carbon Fuels
HOUSTON, TX, July 01, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ('HUSA' or the 'Company') has completed its acquisition of Abundia Global Impact Group, LLC ('AGIG'), creating a leading company focused on converting waste plastics into high-value, drop-in low-carbon fuels and chemical products. The combined company will be led by Abundia's founder, Ed Gillespie, who will serve as Chief Executive Officer and will join the Board of Directors. This strategic acquisition leverages HUSA's public market platform to accelerate Abundia's growth, scale its technology and execute on its plan to develop large-scale recycling projects, beginning with a new facility planned for the U.S. Gulf Coast. 'The completion of this acquisition represents a pivotal transformation for HUSA,' said Peter Longo, Chairman of the combined company. 'Abundia has a commercially ready solution for converting waste into valuable fuels and chemicals, with a backlog of development opportunities utilizing proprietary technologies and key industry partnerships. This transaction gives HUSA shareholders a ready-made platform and project pipeline for future value generation as the fuel and chemical industries accelerate their adoption of low-carbon solutions and sustainable aviation fuel.' CEO of the combined company Ed Gillespie commented, 'This is a landmark moment for Abundia and a major step forward for the renewable industry. Joining forces with HUSA and entering the public capital markets positions us to accelerate growth, scale our technology and expand our influence within the renewable and recycling industries. I am proud of the hard work and determination of both the AGIG and HUSA teams to finalize this transaction. We look forward to delivering shareholder value and critical technologies to reduce carbon emissions.' Key Highlights of the Combined Company Targeting a Multi-Billion Dollar Market: Directly serves the growing global demand for renewable fuels, Sustainable Aviation Fuel (SAF), and recycled chemical feedstocks Proprietary, Commercially Ready Technology: Utilizes a proven pyrolysis process to convert waste plastics into valuable, drop-in fuels and chemicals Project Development: Near-term plans to develop a large-scale project in the U.S. Gulf Coast, which is a strategic location with access to waste feedstock and downstream customers, a large workforce and multiple transportation options Key Highlights of the Transaction Proven Executive Leadership: The combined company will be led by: Ed Gillespie, Chief Executive Officer and Board Member Peter Longo, Chairman of the Board Lucie Harwood, Chief Financial Officer Joseph Gasik, Chief Operating Officer Structure: Abundia Global Impact Group, a Delaware Limited Liability Company, will become a wholly-owned subsidiary of HUSA through an exchange of outstanding membership interests of AGIG for newly authorized shares of HUSA common stock. About Houston American Energy Corp. Houston American Energy Corp. is a renewable energy company focused on converting waste materials into valuable low-carbon fuels and chemicals. Through its proprietary pyrolysis technology, the company addresses the global plastic waste crisis while supplying high-demand products like sustainable aviation fuel and recycled feedstocks to the energy and chemical industries. Cautionary Note Regarding Forward-Looking Information: This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information generally is accompanied by words such as 'believe,' 'may,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'should,' 'would,' 'plan,' 'predict,' 'potential,' 'seem,' 'seek,' 'future,' 'outlook' and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking information is based on management's current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements about the future growth of the Company in the renewable energy industry and plans for new project development and facilities, the Company's expectations with respect to the completed acquisition of AGIG (the 'Acquisition'), including statements regarding the benefits of the Acquisition, the implied valuation of the Company, the products offered by the Company and the markets in which it operates, and the Company's projected future results and market opportunities, as well as information with respect to the Company's future operating results and business strategy. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting the Company's business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, the Company's ability to continue as a going concern, the Company's ability to maintain the listing of its common stock on NYSE American, the Company's ability to predict its rate of growth, the Company's ability to hire, retain and motivate employees, the effects of competition on the Company's business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, risks related to the Company's ability to realize some or all of the anticipated benefits from the Acquisition, and (iii) other risks as set forth from time to time in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are beyond the control of the Company. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing the Company's business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Business Insider
19-06-2025
- Business
- Business Insider
Why Is Houston American Energy Stock (HUSA) Down 25% Today?
Houston American Energy (HUSA) stock took a beating on Wednesday after the independent oil and gas company announced an agreement with an institutional investor. This will have the company sell 223,762 shares, or pre-funded warrants, of HUSA stock to the investor for $10.60 per share, generating gross proceeds of $2.37 million. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Houston American Energy's decision to sell its shares for $10.60 each in this registered direct offering has upset investors. That's because this represents a massive discount from its closing price of $20 per share yesterday. However, the shares were only trading that high after an unexpected rally over the past few days. HUSA stock was down 24% in pre-market trading today, following an 88.68% rally yesterday. The company's stock is up 55.04% year-to-date and 65.29% over the past 12 months. Trading was subdued today at 673,000 shares, compared to a three-month daily average of 1.35 million. The stock also experienced heavy trading yesterday at 18.27 million shares.
Yahoo
13-06-2025
- Business
- Yahoo
Houston American Energy Corp. Provides Response to Unusual Market Action
HOUSTON, TX, June 13, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ('HUSA' or the 'Company') announced today that the Company had become aware of unusual trading activity in its common stock on the New York Stock Exchange American (the 'NYSE') on June 12 and June 13, 2025. The Company is issuing this press release pursuant to Section 401(d) of the NYSE Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at this time. The Company is further announcing that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action. About HUSA HUSA is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Our principal properties and operations are in the U.S. Permian Basin. Additionally, we have properties in the Louisiana U.S. Gulf Coast region. For more information, please visit: Cautionary Note Regarding Forward-Looking Information: This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') within the meaning of, and subject to the safe harbor created by, Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995, which are referred to as the 'safe harbor provisions.' Statements contained or incorporated by reference in this press release that are not historical facts are forward-looking statements, including statements regarding HUSA's or AGIG's business and future financial and operating results, and other aspects of HUSA's or AGIG's operations or operating results. Words such as 'may,' 'should,' 'will,' 'believe,' 'expect,' 'anticipate,' 'target,' 'project,' and similar phrases that denote future expectations or intent regarding HUSA's or AGIG's financial results, operations, and other matters are intended to identify forward-looking statements that are intended to be covered by the safe harbor provisions. Investors are cautioned not to rely upon forward-looking statements as predictions of future events. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause future events to differ materially from the forward-looking statements in this press release including: ● risks relating to fluctuations of the market value of common stock, including as a result of uncertainty as to the long-term value of the common stock of HUSA or as a result of broader stock market movements; ● the occurrence of any event, change, or other circumstances that could give rise to the termination of the Share Exchange Agreement; ● failure to attract, motivate and retain executives and other key employees; ● disruptions in the business of HUSA or AGIG, which could have an adverse effect on their respective businesses and financial results; ● the unaudited pro forma combined consolidated financial information in the proxy statement is presented for illustrative purposes only and may not be reflective of the operating results and financial condition of the combination of HUSA and AGIG; and ● other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in the proxy statement, as well as HUSA's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, and other documents filed by HUSA from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. HUSA does not undertake to update, alter, or revise any forward-looking statements made in this report to reflect events or circumstances after the date of this report or to reflect new information or the occurrence of unanticipated events, except as required by law. For additional information, view the company's website at or contact Houston American Energy Corp. at (713) 222-6966. Sign in to access your portfolio
