ABUNDIA GLOBAL IMPACT GROUP, INC.

Abundia completed the related-party purchase of RPD Technologies America from its controlling shareholder, Abundia Financial, for $4.04 million, paid entirely via a one-year, 10%-interest senior secured convertible note (convertible at 80% of VWAP, floor $0.29/share) -- the deal flagged as pending back in December 2025.

asset acquisition disposition

Abundia raised a further $20.0 million via shares and pre-funded warrants sold directly to an institutional investor, its largest capital raise yet as it scales up the Baytown plastics-to-fuel plant.

capital raising announcement

Abundia restated its Q3 2025 financials: a $12.4 million stock success fee paid to Univest Securities for arranging the reverse merger had been disclosed in a footnote but left out of the actual general-and-administrative expense line, understating the reported net loss (no effect on cash flow).

financial restatement

Abundia disclosed its subsidiary's existing 2021 technology license from Alterra Energy for plastics-to-liquids conversion technology (recently amended), and announced advanced, related-party negotiations to buy RPD Technologies America from its own controlling shareholder, Abundia Financial -- expected to close in Q1 2026.

material agreement

Post-merger Abundia raised $8.0 million in a registered direct offering, selling 2.3 million shares at $3.50, funding the buildout of its plastics-to-fuel plant.

capital raising announcement

The newly-merged company financed its next phase: a $5.43 million senior secured convertible note (7% interest, 8% original issue discount, due July 2026) and a $100 million committed equity line of credit, using the note proceeds to buy a 25-acre site in Baytown, Texas's Cedar Port Industrial Park for $8.5 million -- the physical site for Abundia's planned plastics-to-fuel operations.

asset acquisition disposition

The reverse merger closed: Abundia Financial and Bower Family Holdings exchanged all their Abundia Global Impact Group units for 94% of Houston American's common stock (Abundia Financial ending up holding 84.6% directly), at an implied equity value the filing put at roughly $331 million. CEO/CFO Peter Longo stepped down to Chairman only, and AGIG co-founder Edward Gillespie became the new CEO -- Houston American Energy Corp had become the public vehicle for Abundia's business.

business combination

Houston American sold its remaining 18% interest in Hupecol Meta -- its last Colombian oil and gas asset -- to Andes Operating Company for $1, confirming the $6.4 million impairment already booked against that investment in the FY2024 10-K. The Colombian E&P business that had defined the company since 2003 was wound down just as the pivot to Abundia was getting underway.

asset acquisition disposition

Houston American signed the share exchange agreement to be acquired by Abundia Global Impact Group, LLC via reverse merger, with AGIG's owners set to receive 94% of the combined company -- the deal that closed five months later and turned the oil & gas company into a plastics-to-liquids business.

capital raising announcement

NYSE American warned Houston American that its stock price had been too low for too long and it must reverse split or demonstrate sustained price improvement by April 2020 to keep its listing -- a fresh listing-standards deadline after years of equity-related warnings.

listing compliance notice

Houston American's own CEO and principal shareholder, James Schoonover, personally bridge-loaned the company $621,052 (at a $590,000 discount) at 12% interest -- insider financing signaling the company could no longer raise from outside lenders on comparable terms.

capital raising announcement

Houston American's listing troubles deepened: stockholders' equity had fallen further to $2.86 million as of year-end 2016, now violating both the $6 million and a separate $4 million equity threshold, though the stock stayed listed under its existing compliance plan through September 2017.

listing compliance notice

Houston American completed the Reeves County, Texas Permian acquisition -- 717.25 gross acres for $986,046 -- funded by a new private placement of 12% Series A Convertible Preferred Stock.

asset acquisition disposition

Houston American agreed to buy a 25% working interest in about 800 acres (the Johnson and O'Brien leases in Reeves County, Texas) from Founders Oil and Gas III for $1.1 million, with Founders operating -- the company's first move into the Permian Basin, diversifying beyond Colombia.

material agreement

Houston American missed the September 19, 2016 deadline to fix its stock-price deficiency; NYSE MKT granted an extension to January 3, 2017.

listing compliance notice

NYSE MKT notified Houston American it had fallen out of compliance on stockholders' equity (only $5.5 million against a required $6 million, given five straight years of losses) and flagged its stock price as too low for a sustained period, requiring a reverse split or price recovery by September 2016 -- the start of a listing-standards struggle that would run for years.

listing compliance notice

Houston American raised about $10 million in a unit offering (14.8 million units at $0.675/unit) through C.K. Cooper -- a per-unit price roughly a third of May's $2.12 offering, reflecting how far the stock had fallen after the Cachirre and Tamandua drilling setbacks.

material agreement

The Cachirre #1 well (drilled to 9,486 feet) became a point of dispute among partners: Houston American elected to test the C-9 sand at its own sole risk after partners SK Innovation and Gulf United Energy wanted to abandon the well, having deemed the other objective sands non-productive. (Originally tagged production_update, but no production figures appear -- this is a well test, not established production -- corrected to well_test_result.)

well test result

Houston American raised about $13.1 million in a registered direct unit offering (shares plus warrants) at $2.12/unit through Canaccord Genuity and Pareto Securities -- continued funding for Colombian development.

material agreement

Houston American's first well on the new CPO-4 block, Tamandua #1, ran into serious drilling trouble -- a strong hydrocarbon kick forced a shut-in, and stuck drill pipe later forced a sidetrack -- but the strong shows of oil and gas in the target C-7 sand were seen as an encouraging validation of the block's prospectivity despite the setbacks.

drilling progress report

the New York Stock Exchange certified ABUNDIA GLOBAL IMPACT GROUP, INC.'s securities for listing, clearing them to begin trading.

listing compliance notice

ABUNDIA GLOBAL IMPACT GROUP, INC.'s securities were notified for removal from listing and registration on its exchange.

listing compliance notice

Houston American raised about $13.3 million in a registered direct offering of 3 million shares at $4.68/share through a syndicate of placement agents -- funding capital for its growing Colombian exploration program.

material agreement

Houston American finalized a Farmout Agreement and Joint Operating Agreement with SK Energy for the CPO-4 block (about 345,000 acres in Colombia's Llanos Basin), earning a 25% interest by paying 12.5% of seismic costs and 25% of other costs, after Colombia's hydrocarbons regulator approved the assignment -- a second major Colombian exploration block alongside Hupecol/Tambaqui. (Originally tagged material_agreement, but the filing documents entry into a farmout/JOA earning arrangement -- corrected here.)

farm in farm out agreement

Houston American agreed to provide up to $300,000 in bankruptcy debtor-in-possession financing to Yazoo Pipeline, Sterling Exploration & Production and Matagorda Operating Company, with an eye toward buying the debtors' seismic data and other oil and gas assets out of Chapter 11 for up to $5.6 million -- a distressed-asset acquisition play, contingent on bankruptcy court approval.

material agreement

Nasdaq certified ABUNDIA GLOBAL IMPACT GROUP, INC.'s securities for listing, clearing them to begin trading.

listing compliance notice

ABUNDIA GLOBAL IMPACT GROUP, INC.'s securities were notified for removal from listing and registration on its exchange.

listing compliance notice

Houston American disclosed that its 2005 quarterly financial statements could no longer be relied on: the company had failed to properly account for embedded derivatives in 2005 convertible notes and warrants, requiring restatement of the June and September 2005 10-QSBs.

financial restatement

the American Stock Exchange certified ABUNDIA GLOBAL IMPACT GROUP, INC.'s securities for listing, clearing them to begin trading.

listing compliance notice

Houston American raised $16.6 million in a private placement of 5.5 million shares at roughly $3/share, a much larger capital raise than its 2005 note deal, with Sanders Morris Harris as placement agent.

capital raising announcement

Houston American bought a 12.5% interest in Hupecol, LLC and its Tambaqui Association Contract (36,000 hectares in Casanare, Colombia) from Rio Exploration Company for $312,500 -- the company's first entry into Colombian oil and gas, which would become its core business for the next two decades.

asset acquisition disposition

The TNOG merger closed: Texas Nevada Oil & Gas Co. merged into Houston American, which issued about 596,469 shares (roughly 5% dilution) to TNOG's shareholders and, as the surviving entity, inherited TNOG's status as a fully SEC-reporting public company -- Houston American's route to becoming publicly traded.

asset acquisition disposition

The last amendment before the registration went effective carried the biggest change in the whole sequence: an internal September study forced a $428,887 write-down of the oil and gas properties, restating the inception-to-September loss from $40,826 to $469,713 -- more than eleven times the figure shown two weeks earlier -- and the promised reserve engineering study slipped from year-end 2001 to the first quarter of 2002. Houston American entered its public life having just impaired most of what it owned.

business combination

Financials rolled forward to 30 September and the news was bad: the third well, a 16,500-foot Lower Wilcox test described a fortnight earlier as capable of profitable production, is now a dry hole to be plugged and abandoned after two failed completion attempts, and inception-to-date losses roughly doubled to $40,826. The amendment also filed the $390,000 demand note owed to sole officer John Terwilliger, who was by then the company's real source of funding.

business combination

SEC review put real risk disclosure into the document for the first time: the company admits it has never estimated proved reserves, has never flow-tested any of its wells, and stays alive only on demand loans at 10% interest from Moose Oil & Gas and Moose Operating -- both controlled by its sole officer John Terwilliger -- and says operations could stop if he stops lending. Shares to be issued to TNOG holders trimmed to 596,469.

business combination

Houston American Energy -- four months old, three wells drilled in Lavaca County, Texas and almost no revenue -- registered a merger with Texas Nevada Oil & Gas Co. (TNOG), a dormant shell being spun out of Unicorp, Inc. TNOG's roughly 990 holders would receive one Houston American share for each TNOG share, and as first filed Houston American's own 30 stockholders would exchange their shares at about 11.4-for-1; the object was to buy a shareholder base big enough to create a public market and, with it, access to outside capital.

business combination