Houston American Energy Reports Change in Auditors Following Reverse Acquisition; Notes Internal Control Weaknesses
**Houston American Energy Corporation Announces Change in Auditors Following Share Exchange** Houston American Energy Corporation has reported a change in its certifying accountants following a recent share exchange transaction with Abundia Global Impact Group, LLC (AGIG). As part of the transaction completed on July 1, 2025, Houston American issued 31,778,032 shares of common stock to AGIG unitholders in exchange for all outstanding AGIG units. The share exchange is being treated as a reverse acquisition for accounting purposes, making AGIG the accounting acquirer. Previously, Houston American's financial statements were audited by Marcum LLP, while AGIG's were audited by Baker Tilly US, LLP. After the transaction, the historical financial statements of AGIG, audited by Baker Tilly, now represent the consolidated financials of the company. On October 2, 2025, the company's audit committee approved the appointment of CBIZ CPAs as the new independent registered public accounting firm. Houston American noted that there were no disagreements or reportable events with the outgoing auditors, and that the audit reports from both Marcum and Baker Tilly for the past two fiscal years were unqualified.
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