Houston American Energy Corp. Amends Share Exchange Agreement with AGIG Unitholders, Sets New Closing Date for July 31, 2025
Houston American Energy Corporation has announced an update to its Share Exchange Agreement with Abundia Financial, LLC and Bower Family Holdings, LLC, the owners of Abundia Global Impact Group, LLC. The amendment, dated June 27, 2025, modifies the calculation of the Share Exchange to include common stock approved for a future equity incentive plan, conditional upon stockholder approval. Additionally, the definition of the "Outside Date" has been revised to July 31, 2025, allowing any party to terminate the agreement if the transaction is not completed by then. This adjustment follows the original agreement signed on February 20, 2025, where Houston American Energy Corp. is set to acquire all outstanding units of AGIG in exchange for issuing shares equal to 94% of its common stock to the AGIG Unitholders.
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