Univest Securities, LLC Announces Closing of $1.2 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 $1.2 million in gross proceeds [1][3]. Group 1: Offering Details - Houston American Energy Corp agreed to sell 81,629 shares of common stock at a price of $14.80 per share to an institutional investor [2]. - The net proceeds from the offering are intended for general corporate purposes, amounting to approximately $1 million after deducting fees and expenses [3]. Group 2: Regulatory Compliance - The offering was conducted under a shelf registration statement on Form S-3, which was declared effective by the SEC on November 4, 2024 [4]. Group 3: Company Overview - Houston American Energy Corp is an independent oil and gas company involved in the acquisition, exploration, and production of natural gas and crude oil, primarily in the Texas Permian Basin, Colombia, and the Louisiana Gulf Coast [7].