Houston American Energy Announces 1-For-10 Reverse Stock Split, Will Begin Trading On A Split-Adjusted Basis On The NYSE At The Market Open On June 9, 2025

Houston American Energy Corp. (NYSE:HUSA) ("HUSA" or the "Company") announced today that its Board of Directors approved a reverse stock split of the Company's common stock at a ratio of 1-for-10. The reverse stock split is intended to increase the market price per share of the Company's common stock and help the Company satisfy the initial listing requirements of the New York Stock Exchange American (the "NYSE") in connection with the closing of HUSA's previously announced acquisition of Abundia Global Impact Group, LLC ("AGIG").

On April 24, 2025, at the Company's special meeting of stockholders, the Company's stockholders approved a reverse stock split of the Company's common stock at a ratio in the range of 1-for-5 to 1-for-60, with such ratio to be determined by the Company's Board of Directors. The reverse stock split is expected to be effective after market close on June 6, 2025 (the "Effective Time") and the Company's common stock will begin trading on a split-adjusted basis on the NYSE at the market open on June 9, 2025.

At the Effective Time, every 10 issued and outstanding shares of the Company's common stock will be converted into one share of the Company's common stock. Once effective, the reverse stock split will reduce the number of issued and outstanding shares of common stock from approximately 15,686,533 to approximately 1,568,653 shares.