Houston American Energy (US:HUSA) Globenewswire·2025-11-24 13:30Core Viewpoint - Houston American Energy Corp. has successfully completed a registered direct offering, raising approximately $8 million at a price of $3.50 per share, indicating strong market confidence in the company's strategic direction towards renewable energy [1][2][3]. Financing Details - The offering was supported by Tier-1 institutional investors, reflecting confidence in the company's transition to circular fuels and renewable energy production [2]. - The net proceeds will be allocated to complete Phase 1 of the Cedar Port Renewable Energy Complex, advance the Final Investment Decision for a waste-plastics-to-fuels facility, repay a convertible note, and for general corporate purposes [2][3]. Strategic Growth - The CEO highlighted that this transaction is a significant milestone in the company's long-term growth strategy, enhancing its capital position and financial flexibility [3]. - Recent achievements include the groundbreaking of the Cedar Port Renewable Energy Complex and the integration of the circular-fuels platform acquired from Abundia Global Impact Group, which supports long-term value creation [3][6]. Regulatory Compliance - The securities were issued under an existing shelf registration statement effective from November 3, 2025, with a prospectus supplement filed with the SEC [4].