Univest Securities, LLC Announces Closing of $4.42 Million Registered Direct Offering for its Client Houston American Energy Corp. (NYSE American: HUSA)

Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering for Houston American Energy Corp, raising approximately $4.42 million through the sale of 2.6 million shares at a price of $1.70 per share [1][2]. Company Overview - Houston American Energy Corp is an independent oil and gas company engaged in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate, primarily located in the Texas Permian Basin, Colombia, and the Louisiana Gulf Coast [6]. Offering Details - The offering involved the sale of 2,600,000 shares of common stock at a purchase price of $1.70 per share, resulting in gross proceeds of approximately $4,420,000 [2]. - The offering was conducted under a shelf registration statement on Form S-3, which was declared effective by the SEC on November 4, 2024 [3].