10:48 AM EST, 12/12/2024 (MT Newswires) -- Houston American Energy ( HUSA ) said Thursday it signed two non-binding letters of intent to acquire RPD Technologies and Abundia Global Impact Group to expand globally and diversify its portfolio.

The company said the LOI for RPD Technologies' acquisition contemplates a debt-free transaction under terms that span three years. Meanwhile, details of the Abundia Global Impact Group acquisition are currently under negotiation and are expected to be finalized by Q1, Houston American Energy ( HUSA ) added.

Both letters of intent remain subject to customary due diligence, said the company.

Houston American Energy ( HUSA ) shares were up nearly 5% in recent trading.

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