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HNR Acquisition Corp (HNRA) reported compliance with the NYSE American Company Guide after filing its Annual Report on Form 10-K. The company received a letter from NYSE American confirming compliance. Despite a going concern qualification in its audit opinion, management plans to address the issue by increasing profitability, maintaining hedge positions, and issuing additional shares through a Common Stock Purchase Agreement with White Lion Capital,
HNR Acquisition Corp (HNRA) reported financial results for the initial six weeks as an operating company and for the full year 2023. Total revenues for the six weeks were $2,975,661, and for the full year were $27,214,142, a 23% decrease from 2022. Net income for the six weeks was a loss of $9,001,202 and a combined loss for the year was $4,030,338. One-time charges impacted results. HNRA's strategy involves optimizing drilling conditions and increasing production for revenue growth.
HNR Acquisition Corp (HNRA) announced its participation in the EF Hutton Annual Global Conference on May 15, 2024. The company's management, including Chairman Joseph V Salvucci, President & CEO Dante Caravaggio, and CFO Mitch B. Trotter, will be available for one-on-one meetings at the event. The conference will take place at the Plaza Hotel in New York, offering attendees the opportunity to engage directly with HNRA representatives.
HNR Acquisition Corp (NYSE American:HNRA) reschedules its conference call on May 3, 2024, to discuss Q4 and year-end 2023 results. The call, led by CEO Dante Caravaggio and CFO Mitchell B. Trotter, will review financials and recent events.
