HOUSTON, TX, Nov. 12, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) and its wholly owned subsidiary, Abundia Global Impact Group, LLC (“AGIG”), today announced that a majority of the senior secured convertible note originally used to finance the purchase of the Company’s Cedar Port property has been acquired by Bower Family Holdings, LLC (“BFH”), one of the Company’s largest stockholders.
This transaction represents a further demonstration of BFH’s continued confidence in HUSA’s strategic direction and its commitment to supporting the Company’s transition toward circular fuels and sustainable energy solutions. The restructuring also reflects the collaborative relationship between HUSA and the note’s original holder, 3i, LP, whose early participation provided critical growth capital during the initial development phase.
In connection with the acquisition, BFH agreed not to convert any portion of the outstanding principal or accrued and unpaid interest, positioning the Company with improved financial flexibility to advance ongoing projects and engage with strategic capital partners.
“We greatly appreciate the confidence and partnership demonstrated by both 3i and Bower Family Holdings,” said Ed Gillespie, CEO of Houston American Energy Corp. “This restructuring enhances our balance sheet, simplifies our capital structure, and enables us to pursue long-term growth with the support of an aligned and engaged shareholder base.”
The Company remains focused on accelerating development of its Renewable Energy Complex at Cedar Port, advancing its plastics-to-fuel and renewable chemicals platform, and executing on its broader vision to scale circular energy solutions across North America and Europe.
About Houston American Energy Corp.
Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group, LLC, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA’s broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies.