Houston American Energy Corp. (NYSE American: HUSA) has announced a 1-for-10 reverse stock split of its common stock, effective after market close on June 6, 2025. This move aims to increase the market price per share and assist in meeting the NYSE's listing requirements following the acquisition of Abundia Global Impact Group, LLC. Post-split, the number of outstanding shares will reduce from approximately 15.7 million to 1.57 million, while maintaining stockholders' percentage ownership interest. The stock will begin trading on a split-adjusted basis on June 9, 2025.
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