Houston American Energy (HUSA) said Monday it has agreed to acquire Abundia Global Impact Group, a company specializing in converting waste into fuels and chemicals.
Under the agreement, Houston American it will acquire 100% of Abundia's issued and outstanding units in exchange for 94% of its issued and outstanding common stock.
The deal is expected to close in early Q2, the company added.
Houston American shares were 3% lower in premarket trading.
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