08:30 AM EST, 02/24/2025 (MT Newswires) -- Houston American Energy ( HUSA ) said Monday it has agreed to acquire Abundia Global Impact Group, a company specializing in converting waste into fuels and chemicals.

Under the agreement, Houston American it will acquire 100% of Abundia's issued and outstanding units in exchange for 94% of its issued and outstanding common stock.

The deal is expected to close in early Q2, the company added.

Houston American shares were 3% lower in premarket trading.