Core Viewpoint - Houston American Energy Corp. has secured a Common Stock Purchase Agreement with an institutional investor, establishing an equity line of credit of up to $100 million to accelerate its growth strategy in the low-carbon fuels and chemicals sector [1][2]. Group 1: Financial Agreement Details - The agreement allows Houston American Energy to sell up to $100 million of its common stock over a 24-month period, with a cap of $2 million per drawdown and shares sold at a 4% discount to the volume weighted average price (VWAP) [2][4]. - The company will file a registration statement with the U.S. Securities and Exchange Commission (SEC) to register the resale of shares under the agreement structured as a committed equity facility [4]. Group 2: Strategic Growth Plans - The capital commitment is seen as a significant milestone and validation of the company's long-term vision, providing enhanced flexibility to execute its growth strategy and advance its project pipeline [2][3]. - The company aims to use the proceeds from the equity line to pursue strategic acquisitions, scale operations, and expand its presence in the energy sector, particularly in low-carbon fuels and chemicals [1][3]. Group 3: Company Background - Houston American Energy Corp. is an independent energy company with a diversified portfolio across conventional and renewable sectors, historically focused on oil and natural gas exploration and production [5]. - In July 2025, the company acquired Abundia Global Impact Group, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks, reflecting its commitment to sustainable energy solutions [5].