m_and_a
confidence high
sentiment positive
materiality 1.00
Houston American Energy completes acquisition of Abundia Global Impact Group, shifts to low-carbon fuels
ABUNDIA GLOBAL IMPACT GROUP, INC.
- Acquired all AGIG units for 31,778,032 shares (94% of post-deal shares); total equity value ~$331 million.
- Abundia Financial holds 84.6% of HUSA; BFH holds 10.4% directly and 46.3% indirectly.
- New CEO Ed Gillespie (AGIG founder), CFO Lucie Harwood, COO Joseph Gasik appointed; monthly comp $30,000 each.
- Stephen Hartzell resigned; Peter Longo remains Chairman; Matthew Henninger added to board.
- Combined company targets waste-to-low-carbon-fuels market with planned Gulf Coast facility.