Houston American Energy Corp. Announces Planned Name Change to “Abundia Global Impact Group Inc.”

Rhea-AI Summary

Houston American Energy (NYSE American: HUSA) announced it plans to change its name to Abundia Global Impact Group Inc. and to begin trading under the new ticker AGIG on or about December 8, 2025.

The name change follows the company9s acquisition of Abundia Global Impact Group LLC and reflects a strategic shift toward circular fuels, sustainable feedstocks and low-carbon energy technologies. The company said it will focus on converting waste plastics and renewable feedstocks into low-carbon fuels, chemical intermediates, and other clean energy products.

Management highlighted ongoing development of the Cedar Port Renewable Energy Complex, integration of circular-fuels technologies, and expansion of engineering, licensing, and project-development partnerships as foundations for scaled commercial operations and long-term value creation.

Positive

• Planned ticker change to AGIG effective on or about Dec 8, 2025
• Acquisition of Abundia Global Impact Group LLC completed, aligning strategy
• Ongoing development of Cedar Port Renewable Energy Complex
• Strategic focus on converting waste plastics to low-carbon fuels

Negative

• None.

Insights

Corporate strategy analyst

Planned name and ticker change signals a strategic shift toward circular fuels; operational and financing impacts remain unclear.

Abundia Global Impact Group Inc. aligns the corporate identity with the stated focus on converting waste plastics and renewable feedstocks into low‑carbon fuels and chemical intermediates. The company cites the acquisition of AGIG LLC and ongoing development of the Cedar Port Renewable Energy Complex as the operational anchors for this strategy.

The business mechanism is a repositioning from a legacy energy company to a platform for circular fuels and energy‑transition technologies. Success depends on integrating acquired technologies, executing project development, and attracting partners and capital. There are no disclosed financial terms, production targets, or firm commercial contracts in this announcement, so near‑term cash flow and dilution effects are unspecified.

Key risks include execution of technology scale‑up, project financing, and successful integration of AGIG LLC capabilities. Watch for concrete milestones such as commercialization timelines, engineering or licensing agreements, project financing announcements, and the planned ticker/name change around December 8, 2025. Expect material investor‑relevant news in the coming quarters if the company discloses funding, offtake contracts, or pilot/commercial production metrics.

Ticker symbol to change from HUSA to AGIG on NYSE American

HOUSTON, TX, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced that it plans to change its name to Abundia Global Impact Group Inc., on or about December 8, 2025, and will trade under a new ticker symbol “AGIG” on NYSE American exchange. The Company believes the name change better reflects its focus on sustainable fuels and energy transition technologies, following its acquisition of Abundia Global Impact Group LLC (“AGIG LLC”).

The planned name change reflects the Company’s long-term vision to build a scalable platform in circular fuels, sustainable feedstocks, and next-generation low-carbon energy solutions. As the Company transitions into Abundia Global Impact Group Inc., it intends to focus on advancing technologies that convert waste plastics and other renewable feedstocks into low-carbon fuels, chemical intermediates, and clean energy products. This strategic direction positions the Company to participate in one of the fastest-growing segments of the global energy economy while addressing critical sustainability and waste-management challenges

The Company believes the Abundia platform provides a strong foundation for long-term value creation, supported by the ongoing development of its Cedar Port Renewable Energy Complex, continued integration of its circular-fuels technologies, and expansion of partnerships across engineering, licensing, and project development. By aligning its corporate identity with its operational focus, the Company aims to strengthen its market positioning, expand its institutional investor base, and accelerate its progress toward commercial operations and scaled growth in the renewable fuels sector.

About Houston American Energy Corp.

Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group LLC, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA’s broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies.

Forward-Looking Statements

This press release contains forward-looking statements regarding the Company’s current expectations. Words such as “plans,” “believes,” “expect,” “intends,” “may,” “will,” “could,” “predicts,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, references to the Company’s expectations regarding the Company’s belief that its name change better reflects the Company’s focus on sustainable fuels and energy transition technologies, following its acquisition of AGIG LLC. The statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from those set forth in such forward-looking statements include, but are not limited to, risks and uncertainties related to there being no guarantee that the trading price of the Company’s common stock will be indicative of the Company’s value or that the Company’s Common Stock will become an attractive investment in the future. These and other risks and uncertainties are described more fully in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this press release based on new information, future events, or otherwise, except as required by law.

Contacts

For additional information, view the Company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713)-322-8818.

FAQ

When will Houston American Energy change its name to Abundia Global Impact Group Inc. (HUSA -> AGIG)?

The company plans the name and ticker change on or about December 8, 2025 to trade as AGIG on NYSE American.

Why is HUSA changing its ticker symbol to AGIG?

The change reflects its redirected focus after acquiring Abundia Global Impact Group LLC and emphasis on circular fuels and low-carbon technologies.

What business will Abundia Global Impact Group Inc. focus on after the HUSA name change?

The company will focus on converting waste plastics and renewable feedstocks into low-carbon fuels, chemical intermediates, and clean energy products.

Does the announcement mention any development projects tied to the rebrand for HUSA (AGIG)?

Yes; the company cited ongoing development of the Cedar Port Renewable Energy Complex as part of its platform.

Will the HUSA name change affect the company9s listing venue?

No; the company will continue trading on the NYSE American exchange under the new ticker AGIG.

How does the acquisition of Abundia Global Impact Group LLC affect HUSA9s strategic direction?

The acquisition is presented as the basis for shifting toward a scalable platform in circular fuels, sustainable feedstocks, and next-generation low-carbon energy solutions.