---
title: "Houston American Energy Corp. Announces $4.42 Mln Registered Direct Offering Of Shares, Stock Down"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/225876461.md"
description: "Houston American Energy Corp. (HUSA) announced a registered direct offering of 2.6 million shares at $1.70 each, aiming to raise approximately $4.42 million for strategic initiatives and operational growth. The transaction is set to close around January 23. Following the announcement, HUSA's stock fell 20.72% to $1.88 on the Nasdaq."
datetime: "2025-01-22T17:19:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225876461.md)
  - [en](https://longbridge.com/en/news/225876461.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225876461.md)
---

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# Houston American Energy Corp. Announces $4.42 Mln Registered Direct Offering Of Shares, Stock Down

Houston American Energy Corp. (HUSA), Wednesday announced that it has entered into a definitive agreement with a group of investors for the sale of 2.6 million shares of its common stock at a price of $1.70 per share.

The offering is expected to generate gross proceeds of approximately $4.42 million for the Company.

Houston American Energy plans to use these funds to support its strategic initiatives and operational growth.

The transaction is scheduled to close on or about January 23.

HUSA is currently trading at $1.88 down 20.72 percent or $0.49 on the Nasdaq.

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