Past year: ▼ 84%(91.0c – 5.79 USD)
Each one in plain English, with the numbers worked through for a shareholder.
2 Apr 2026asset acquisition disposition● NeutralMajor
Abundia completed the related-party purchase of RPD Technologies America from its controlling shareholder, Abundia Financial, for $4.04 million, paid entirely via a one-year, 10%-interest senior secured convertible note (convertible at 80% of VWAP, floor $0.29/share) -- the deal flagged as pending back in December 2025.
23 Feb 2026capital raising announcement▲ GoodMajor
Abundia raised about $20 million in a registered direct offering of 4,134,175 shares and pre-funded warrants for 1,800,543 shares to one institutional investor. It planned to use the money for its FEED study, the RPD Technologies acquisition, debt reduction and its innovation hub.
6 Feb 2026financial restatement▼ BadMajor
Abundia restated its Q3 2025 financials: a $12.4 million stock success fee paid to Univest Securities for arranging the reverse merger had been disclosed in a footnote but left out of the actual general-and-administrative expense line, understating the reported net loss (no effect on cash flow).
16 Dec 2025material agreement● NeutralMajor
Abundia amended its 2021 Alterra license, securing rights to two more U.S. plastics recycling sites. It also said it was in advanced, related-party talks to buy RPD Technologies America from its largest stockholder, Abundia Financial, with a definitive agreement expected in Q1 2026.
21 Nov 2025capital raising announcement▲ GoodMajor
Post-merger Abundia raised $8.0 million in a registered direct offering, selling 2.3 million shares at $3.50, funding the buildout of its plastics-to-fuel plant.
What it means for a shareholder
2.3m new shares at US$3.50 to raise about US$8.0m. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held US$1,000 of shares (286 at the issue price), your slice goes from 0.000825% to 0.000774% of the company. To keep it you'd need 19 more shares - about US$67 at the issue price.
Create a free account to see this worked out for your own holding.
3 Oct 2025auditor change▼ Bad
On October 2, 2025, the audit committee dismissed Baker Tilly (AGIG's auditor) and Marcum, and engaged CBIZ CPAs to provide both firms' services going forward. The only reportable events for either were previously disclosed internal-control material weaknesses; neither report was adverse or qualified.
16 July 2025asset acquisition disposition▲ GoodMajor
The newly-merged company financed its next phase: a $5.43 million senior secured convertible note (7% interest, 8% original issue discount, due July 2026) and a $100 million committed equity line of credit, using the note proceeds to buy a 25-acre site in Baytown, Texas's Cedar Port Industrial Park for $8.5 million -- the physical site for Abundia's planned plastics-to-fuel operations.
1 July 2025business combination▲ GoodMajor
The reverse merger closed: Abundia Financial and Bower Family Holdings exchanged all their Abundia Global Impact Group units for 94% of Houston American's common stock (Abundia Financial ending up holding 84.6% directly), at an implied equity value the filing put at roughly $331 million. CEO/CFO Peter Longo stepped down to Chairman only, and AGIG co-founder Edward Gillespie became the new CEO -- Houston American Energy Corp had become the public vehicle for Abundia's business.
30 June 2025material agreement● Neutral
Houston American and the owners of Abundia Global Impact Group (Abundia Financial and Bower Family Holdings) amended their Share Exchange Agreement -- adjusting the share-exchange formula to account for a future equity incentive plan and pushing the closing deadline to July 31, 2025.
25 June 2025material agreement● Neutral
A further registered direct raise, about $1.2 million at $14.80/share, a week before the amended Abundia merger deadline.
18 June 2025material agreement● Neutral
Houston American raised about $2.37 million in a registered direct offering of shares/prefunded warrants at $10.60/share -- bridge funding through the pending Abundia merger; a separately-discussed equity line of credit was not executed at this time.
3 Mar 2025asset acquisition disposition▼ BadMajor
Houston American sold its remaining 18% interest in Hupecol Meta -- its last Colombian oil and gas asset -- to Andes Operating Company for $1, confirming the $6.4 million impairment already booked against that investment in the FY2024 10-K. The Colombian E&P business that had defined the company since 2003 was wound down just as the pivot to Abundia was getting underway.
24 Feb 2025capital raising announcement▲ GoodMajor
Houston American signed the share exchange agreement to be acquired by Abundia Global Impact Group, LLC via reverse merger, with AGIG's owners set to receive 94% of the combined company -- the deal that closed five months later and turned the oil & gas company into a plastics-to-liquids business.
23 Jan 2025material agreement● Neutral
Houston American Energy agreed on January 22, 2025 to sell 2.6 million shares at $1.70 each in a registered direct offering, for about $4.42 million gross (about $3.9 million net). The offering closed January 23, 2025, with Univest Securities as placement agent.
18 Nov 2022material agreement● Neutral
Another Univest at-the-market facility, this one for $3.5 million.
3 Feb 2021material agreement● Neutral
A second Univest at-the-market facility, for $2.03 million, signed just a week after the first.
27 Jan 2021material agreement● Neutral
Houston American signed an at-the-market sales agreement with Univest Securities on January 26, 2021. It allows the company to sell up to $4,768,428 of common stock, with Univest taking a 3% commission.
22 Oct 2019listing compliance notice▼ BadMajor
NYSE American warned Houston American that its stock price had been too low for too long and it must reverse split or demonstrate sustained price improvement by April 2020 to keep its listing -- a fresh listing-standards deadline after years of equity-related warnings.
20 Sept 2019capital raising announcement▼ BadMajor
Houston American issued $621,052 of unsecured 12% bridge loan notes, plus warrants over 1,180,000 shares, to its CEO and principal shareholder for $590,000. The money funded the purchase of a 20% interest in 5,871 gross acres in the Permian Basin's Northern Shelf.
9 May 2019material agreement▼ Bad
A further at-the-market facility with WestPark Capital, this time for up to $5.2 million.
5 Oct 2018material agreement▼ Bad
Houston American entered an at-the-market sales agreement with WestPark Capital to sell up to $1.9 million of common stock, with a 3% commission, under its existing shelf registration.
3 Aug 2018auditor change● Neutral
Auditor GBH CPAs' practice merged into Marcum LLP; Marcum was engaged as Houston American's successor auditor -- an administrative continuity change, not a dismissal for cause.
11 July 2017material agreement▼ Bad
Houston American entered into an at-the-market sales agreement with WestPark Capital to sell up to $5 million of common stock at its option. WestPark would earn a 3% commission, and the agreement runs up to two years.
28 June 2017capital raising announcement▼ Bad
Houston American took on a $600,000 bridge loan at 12% interest, sold at a discount for $570,000 with warrants attached -- another sign of the tightening cash position behind the year's preferred-stock raises.
27 June 2017listing compliance notice▼ Bad
ABUNDIA GLOBAL IMPACT GROUP, INC. withdrew a registration statement, abandoning the offering it covered.
8 May 2017capital raising announcement▼ Bad
Houston American raised another $0.9 million via 12%-dividend Series B convertible preferred stock and warrants, continuing the same high-cost financing pattern as the Series A raise three months earlier.
22 Mar 2017listing compliance notice▼ BadMajor
Houston American's listing troubles deepened: stockholders' equity had fallen further to $2.86 million as of year-end 2016, now violating both the $6 million and a separate $4 million equity threshold, though the stock stayed listed under its existing compliance plan through September 2017.
6 Mar 2017drilling progress report▲ Good
Houston American said the target date for spudding its initial Permian Basin well in Reeves County, Texas, had been moved up to the first week of May 2017 from July 1, 2017, because a drilling rig became available.
14 Feb 2017asset acquisition disposition▲ GoodMajor
Houston American completed the Reeves County, Texas Permian acquisition -- 717.25 gross acres for $986,046 -- funded by a new private placement of 12% Series A Convertible Preferred Stock.
7 Feb 2017listing compliance notice▼ Bad
Still out of compliance on stockholders' equity and stock price, Houston American got another short extension from NYSE MKT, to February 28, 2017.
