Financial Restatement Issued by Abundia Global Impact Group

Houston American Energyration US44183U2096

Investors in Abundia Global Impact Group, the company formerly known as Houston American Energy, are advised to update their financial records. This follows an official corporate disclosure that the firm's third-quarter 2025 financial statements contained errors and have been subsequently amended. The necessary corrections pertain to omitted accounting entries for non-cash transactions, which have now been formally recorded.

The move to restate the figures came after an internal assessment conducted by the company's audit committee this past Monday. Management concluded that the original interim reports were no longer reliable due to identified gaps in the income statement's treatment of non-cash transactions, as detailed in a filing with the U.S. Securities and Exchange Commission (SEC).

To resolve these accounting discrepancies, Abundia submitted a revised quarterly report on Friday. This amended filing, Form 10-Q/A, presents corrected results for both the three- and nine-month periods ending September 30, 2025. Company leadership emphasized that these adjustments are crucial for maintaining transparent financial communication, particularly in light of its recent corporate restructuring.

Key Details of the Restatement:
* Period in Question: The quarter concluded on September 30, 2025
* Nature of Adjustment: Addition of previously omitted non-cash transactions
* Official Filings: Form 8-K announcement and amended Form 10-Q/A
* Strategic Priority: Renewable energy and Sustainable Aviation Fuel (SAF)

Restatement Coincides with Strategic Pivot

This financial revision occurs during a period of fundamental transformation for the business. Since late 2025, the company has operated under its new name and has been shifting its business model away from oil and gas toward sustainable fuels and plastic recycling. Accurate financial reporting is now especially critical, as investor confidence in its new "Impact" orientation depends heavily on error-free accounting throughout this transitional phase.

The foundation for this strategic redirection was laid last year with the acquisition of technology assets related to renewable fuels. Abundia's current operational focus is on developing a renewable energy complex and a platform for producing fuel from plastic waste.

With the corrected filings now complete, the company has addressed the immediate regulatory requirement. Market attention in the coming months will likely center on Abundia's ability to execute its ambitious operational goals, particularly in the sustainable aviation fuel sector.