Core Insights - Houston American Energy Corp. (HUSA) announced that Bower Family Holdings, LLC (BFH) has acquired a majority of the senior secured convertible note used to finance the Cedar Port property purchase, indicating BFH's confidence in HUSA's strategic direction [1][2] - The acquisition enhances HUSA's financial flexibility by preventing BFH from converting any portion of the outstanding principal or accrued interest, allowing the company to advance ongoing projects and engage with strategic capital partners [3] - HUSA is focused on developing its Renewable Energy Complex at Cedar Port, including its plastics-to-fuel and renewable chemicals platform, as part of its broader vision for circular energy solutions across North America and Europe [4] Company Overview - Houston American Energy Corp. is an independent energy company with a diversified portfolio in both conventional and renewable sectors, historically focused on oil and natural gas exploration and production [5] - The company acquired Abundia Global Impact Group, LLC in July 2025, which specializes in converting waste plastics into low-carbon fuels and chemical feedstocks, reflecting HUSA's commitment to sustainable energy solutions [5]