Past year: ▼ 84%(91.0c – 5.79 USD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Feb 2026capital raising announcement▲ GoodMajor
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.
21 Nov 2025capital raising announcement▲ GoodMajor
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.
What it means for a shareholder
2.3m new shares at US$3.50 to raise about US$8.0m. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held US$1,000 of shares (286 at the issue price), your slice goes from 0.000825% to 0.000774% of the company. To keep it you'd need 19 more shares - about US$67 at the issue price.
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24 Feb 2025capital raising announcement▲ GoodMajor
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.
20 Sept 2019capital raising announcement▼ BadMajor
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.
28 June 2017capital raising announcement▼ Bad
Houston American took on a $600,000 bridge loan at 12% interest, sold at a discount for $570,000 with warrants attached -- another sign of the tightening cash position behind the year's preferred-stock raises.
8 May 2017capital raising announcement▼ Bad
Houston American raised another $0.9 million via 12%-dividend Series B convertible preferred stock and warrants, continuing the same high-cost financing pattern as the Series A raise three months earlier.
2 Feb 2017capital raising announcement▼ Bad
Houston American raised $1.2 million selling 12%-dividend Series A convertible preferred stock, a high-cost financing typical of the funding strain the company faced through this period.
5 May 2006capital raising announcement● Neutral
Holders converted the full $2.125 million of Houston American's 2005 convertible notes into 2.125 million shares, closing out that debt.
28 Apr 2006capital raising announcement▲ GoodMajor
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.
10 May 2005capital raising announcement● Neutral
Houston American sold $2.125 million of 8% subordinated convertible notes due 2010 to a group of private investors, convertible into stock at $1.00/share.
