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Houston American Energy Corp. Announces First Phase of Strategic Acquisitions to Accelerate Growth and Transformation
Houston American Energy Corp. (NYSE American: HUSA) announced plans to transform into an integrated energy and technology company through two non-binding Letters of Intent to acquire Abundia Global Impact Group (AGIG)and RPD Technologies. The acquisitions follow HUSA's recent $2.5 million private placement in November 2024 and aim to drive shareholder value through diversification in the energy transition sector.
The AGIG acquisition terms are expected to be finalized by Q1 2025, while the RPD acquisition involves a debt-free transaction over three years. Both companies will be co-located at AGIG's Cedar Port, Houston site to facilitate collaboration and operational efficiencies. RPD brings technical experience and established revenue from petrochemical clients, while AGIG contributes renewable and recycling technology solutions.
Houston American Energy Corp. (NYSE American: HUSA) announced plans to transform into an integrated energy and technology company through two non-binding Letters of Intent to acquire Abundia Global Impact Group (AGIG)and RPD Technologies. The acquisitions follow HUSA's recent $2.5 million private placement in November 2024 and aim to drive shareholder value through diversification in the energy transition sector.
The AGIG acquisition terms are expected to be finalized by Q1 2025, while the RPD acquisition involves a debt-free transaction over three years. Both companies will be co-located at AGIG's Cedar Port, Houston site to facilitate collaboration and operational efficiencies. RPD brings technical experience and established revenue from petrochemical clients, while AGIG contributes renewable and recycling technology solutions.
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