05:49 PM EDT, 05/28/2025 (MT Newswires) -- Houston American Energy ( HUSA ) said Wednesday that its board approved a 1-for-10 reverse stock split of the company's shares.

The company said the reverse stock split is intended to increase its per-share price and satisfy the initial listing requirements of the NYSE in connection with the closing of its acquisition of Abundia Global Impact Group.

The stock split, which is expected to be effective after market close on June 6, will reduce the number of the company's shares to about 1.6 million from 15.7 million, the company said.