HOUSTON AMERICAN ENERGY CORP (HUSA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 62.16% of current shares
Recent Dilution: 2251.84% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
40M
Potential Supply
25M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

HUSA currently has 40M outstanding shares. with significant dilution risk as 24.9M authorized shares could dilute existing holders by 62.2%. The company has significantly diluted shareholders by 2251.84% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 40.0M shares outstanding

40M 25M
Mar 23, 2026

10-K filing | 43.7M shares outstanding

44M 21M
Nov 21, 2025

8-K filing: Houston American Energy Corp. closed a registered direct offering, selling 2,285,715 shares of common stock at $3.50 per share, resulting in gross proceeds of $8.0 million before deducting fees and expenses. ($8.0M proceeds)

34M 31M
Nov 19, 2025

10-Q filing | 34.0M shares outstanding

34M 31M
Oct 15, 2025

S-3/A filing: Houston American Energy Corp. may offer and sell, from time to time in one or more offerings any combination of common stock, preferred stock, debt securities, warrants, rights, or units having an aggregate offering price not exceeding $300,000,000.

44M 21M
Oct 08, 2025

S-3/A filing: Houston American Energy Corp. may offer and sell any combination of common stock, preferred stock, debt securities, warrants, rights, or units having an aggregate offering price not exceeding $300,000,000.

44M 17M
Aug 08, 2025

S-1/A filing: This prospectus relates to the proposed resale by the selling stockholder named in this prospectus or its permitted assigns of up to an aggregate of 10,300,000 shares of our common stock with a par value of $0.001 per share, which may be issued pursuant to a purchase agreement dated as of July 10, 2025, by and between Houston American Energy Corp and Tumim Stone Capital, LLC.

44M 0
Aug 08, 2025

S-1/A filing: This prospectus relates to the proposed resale by 3i, LP of up to an aggregate of 1,597,590 shares of our common stock, which may be issued pursuant to and upon the conversion of a senior secured convertible promissory note dated as of July 10, 2025.

35M 0
Jul 31, 2025

S-1 filing: This S-1 filing relates to the proposed resale of up to 1,597,590 shares of common stock by 3i, LP, which may be issued upon the conversion of a senior secured convertible promissory note.

1.6M 1M
Jul 16, 2025

8-K filing: Houston American Energy Corp. entered into a Common Stock Purchase Agreement with an institutional investor for a committed equity financing facility of up to $100,000,000, and also sold a senior secured convertible note for gross proceeds of $5,000,000.

1.6M 0
Jun 25, 2025

8-K filing: Houston American Energy Corp. completed a registered direct offering of 81,629 shares of common stock at $14.80 per share, generating gross proceeds of approximately $1.2 million, which will be used for general corporate purposes. ($1.2M proceeds)

1.6M 0
Jun 20, 2025

8-K filing: Houston American Energy Corp. closed a registered direct offering of 174,100 shares of common stock and pre-funded warrants to purchase up to 49,662 shares of common stock, receiving gross proceeds of approximately $2.37 million. ($2.37M proceeds)

1.6M 0
Jun 18, 2025

8-K filing: Houston American Energy Corp. entered into a securities purchase agreement to issue and sell 223,762 shares of common stock and/or prefunded warrants at $10.60 per share in a registered direct offering, expecting to receive approximately $2.37 million in gross proceeds. ($2.37M proceeds)

1.6M 0
Jun 06, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 15,050,977 → 1,568,653

1.6M 0
May 09, 2025

10-Q filing | 15.1M shares outstanding

15M 0
Feb 24, 2025

10-K filing | 15.7M shares outstanding

16M 0
Jan 23, 2025

8-K filing: Houston American Energy Corp. sold 2,600,000 shares of common stock at $1.70 per share in a registered direct offering, receiving approximately $4.42 million in gross proceeds. ($4.42M proceeds)

13M 0
Nov 14, 2024

10-Q filing | 13.1M shares outstanding

13M 0
Nov 12, 2024

8-K filing: Houston American Energy Corp. completed a private placement offering of 2,180,180 shares of its common stock at a price of $1.14669431 per share, resulting in gross proceeds of approximately $2.5 million, and the company entered into an agreement with its Departing CEO, John Terwilliger, paying him a one-time payment of $800,000 in exchange for terminating his change in control agreement and stepping down as CEO. ($2.5M proceeds)

11M 0
Oct 31, 2024

S-3/A filing: The filing is for a shelf offering of Common Stock, Preferred Stock, Debt Securities, Warrants, and Units with an aggregate initial offering price not to exceed $8,000,000.

11M 0
Oct 22, 2024

S-3 filing: Houston American Energy Corp. is offering and selling up to $8,000,000.00 in the aggregate of common stock, preferred stock, debt securities, warrants to purchase common stock, preferred stock or debt securities, or any combination of the foregoing.

11M 0
Aug 14, 2024

10-Q filing | 10.9M shares outstanding

11M 0
May 15, 2024

10-Q filing | 10.9M shares outstanding

11M 0
Apr 02, 2024

10-K filing | 10.8M shares outstanding

11M 0
Nov 14, 2023

10-Q filing | 10.9M shares outstanding

11M 0
Aug 14, 2023

10-Q filing | 10.9M shares outstanding

11M 0
May 15, 2023

10-Q filing | 10.8M shares outstanding

11M 0
Mar 31, 2023

10-K filing | 10.0M shares outstanding

10M 0
Nov 14, 2022

10-Q filing | 9.9M shares outstanding

9.9M 0
Aug 30, 2022

S-3 filing: Houston American Energy Corp. may offer and sell up to $5,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants to purchase common stock, preferred stock or debt securities, or any combination of the foregoing, either individually or as units comprised of one or more of the other securities.

9.9M 0
Aug 15, 2022

10-Q filing | 9.9M shares outstanding

9.9M 0
May 16, 2022

10-Q filing | 9.9M shares outstanding

9.9M 0
Mar 31, 2022

10-K filing | 9.9M shares outstanding

9.9M 0
Nov 12, 2021

10-Q filing | 9.9M shares outstanding

9.9M 0
Aug 13, 2021

10-Q filing | 9.9M shares outstanding

9.9M 0
May 17, 2021

10-Q filing | 9.9M shares outstanding

9.9M 0
Apr 01, 2021

10-K filing | 9.9M shares outstanding

9.9M 0
Nov 13, 2020

10-Q filing | 5.3M shares outstanding

5.3M 0
Aug 14, 2020

10-Q filing | 7.0M shares outstanding

7M 0
Jul 31, 2020
Stock Split

8-K filing: Stock split 1-for-12.5 | Outstanding: 87,007,145 → 6,960,572

7M 0
May 15, 2020

10-Q filing | 87.0M shares outstanding

87M 0
Mar 30, 2020

10-K filing | 87.0M shares outstanding

87M 0
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