Houston American Energy Corp. Files 8-K: Agreements, Equity Sales, and Officer Changes
Ticker: AGIG · Form: 8-K · Filed: Nov 12, 2024 · CIK: 1156041
Sentiment: neutral
Topics: material-agreement, equity-sale, corporate-governance
Related Tickers: HAEX
TL;DR
HAEX filed an 8-K detailing a new material agreement, equity sales, and board/officer changes.
AI Summary
Houston American Energy Corp. announced on November 12, 2024, that it entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and changes in its board of directors and officer compensation. The filing details the departure of directors, election of new directors, and appointment of officers, along with compensatory arrangements.
Why It Matters
This filing indicates significant corporate actions, including new agreements and potential equity dilution, which could impact the company's financial structure and governance.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and governance risks.
Key Players & Entities
- Houston American Energy Corp. (company) — Registrant
- November 12, 2024 (date) — Date of report
- November 8, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Houston American Energy Corp.?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
What were the key items reported in the 8-K filing dated November 12, 2024?
The key items reported include entry into a material definitive agreement, unregistered sales of equity securities, departure of directors, election of directors, appointment of officers, and compensatory arrangements.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 8, 2024.
What is the primary business of Houston American Energy Corp.?
Houston American Energy Corp. is in the Crude Petroleum & Natural Gas industry, SIC code 1311.
What is the state of incorporation for Houston American Energy Corp.?
Houston American Energy Corp. is incorporated in Delaware.
Filing Stats: 1,825 words · 7 min read · ~6 pages · Grade level 10.3 · Accepted 2024-11-12 09:59:50
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share HUSA NYSE American Item
- $2.5 million — ts common stock for a maximum amount of $2.5 million. The terms of the offering would be mut
- $1.14669431 — e (the "Shares") at a purchase price of $1.14669431 per share. The aggregate gross proceeds
- $2.5 m — ny from the Offering were approximately $2.5 million, before deducting placement agent
- $800,000 — d Mr. Terwilliger a one-time payment of $800,000 and in exchange, Mr. Terwilliger agreed
- $15,000 — ion for Mr. Longo: (1) a base salary of $15,000 a month, (2) the monthly-issuance of op
Filing Documents
- form8-k.htm (8-K) — 68KB
- ex10-1.htm (EX-10.1) — 81KB
- ex10-2.htm (EX-10.2) — 185KB
- ex10-3.htm (EX-10.3) — 15KB
- ex99-1.htm (EX-99.1) — 15KB
- ex99-1.jpg (GRAPHIC) — 10KB
- ex10-1_001.jpg (GRAPHIC) — 15KB
- 0001493152-24-044617.txt ( ) — 640KB
- husa-20241112.xsd (EX-101.SCH) — 3KB
- husa-20241112_lab.xml (EX-101.LAB) — 34KB
- husa-20241112_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. HOUSTON AMERICAN ENERGY CORP. Dated: November 12, 2024 By: /s/ John Terwilliger Name: John Terwilliger Title: Chief Executive Officer