ABUNDIA GLOBAL IMPACT GROUP, INC.
On July 1, 2025, Abundia Global Impact Group, Inc. (formerly Houston American Energy Corp.), a Delaware corporation ( AGIG , the Company, we, us, or our ), acquired all of the outstanding units of Abu…
On July 1, 2025, Abundia Global Impact Group, Inc. (formerly Houston American Energy Corp.), a Delaware corporation ( AGIG , the Company, we, us, or our ), acquired all of the outstanding units of Abundia Global Impact Group LLC ( AGIG LLC ) through a share exchange transaction. Prior to the transaction, the Company, as Houston American Energy Corp. ( HUSA ), operated as a small independent oil and gas company focused on the exploration and production of crude oil and natural gas primarily in the Permian Basin and the U.S. Gulf Coast region. For accounting purposes, the Share Exchange is treated as a reverse acquisition, with AGIG as the surviving entity. As such, the historical financial statements of the accounting acquirer, AGIG, became the historical consolidated financial statements of the Company. Following the transaction, the Company now primarily operates as a low carbon energy solutions company through AGIG LLC. The Company also continues to hold its legacy oil and gas assets, which remain in operation and generate revenue. The legacy oil and gas business is reported as a separate operating segment and is not considered material to the Company’s ongoing operations. The Company does not intend to allocate additional capital or management resources to the legacy oil and gas assets beyond what is required for compliance, reporting and maintenance of existing operations.
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