WDHI Stock Set for Public Debut as Houston Natural Resources Advances Major Restructuring

Houston Natural Resources Corp. (OTC: HNRC) is making significant moves to unlock shareholder value through an ambitious restructuring initiative that includes the planned public listing of its subsidiary Worldwide Diversified Holdings, Inc. (WDHI). The company has engaged legal counsel to file the necessary SEC registration documents, targeting an initial listing price of $3.50 per share for WDHI stock.

Stock Dividend and Spinoff Details

Shareholders will receive one WDHI share for every two HNRC shares held as of the December 16, 2022 record date, effectively representing a $1.75 dividend per HNRC share. This distribution marks the separation of non-energy assets into a publicly traded vehicle. HNRC previously filed the required corporate action with FINRA in December 2022, and discussions are progressing to complete the regulatory review process.

Strong Financial Momentum Supports Growth Strategy

The company’s financial trajectory shows robust performance momentum. Revenue is projected to significantly exceed 2021 levels of $18.2 million, building on the $9.5 million recorded in 2020. Earnings are similarly anticipated to climb substantially from the prior year’s $7.6 million versus $3.0 million in 2020. This expansion demonstrates HNRC’s ability to generate returns while positioning for larger strategic initiatives.

Path to Major Exchange Listing

Beyond the WDHI stock public debut, HNRC is advancing its own uplisting goals. The company has secured an accounting advisory firm to prepare two years of audited financial statements—a prerequisite for major exchange consideration. Additionally, HNRC has finalized an underwriting agreement that includes a $10 million working capital commitment to support operational growth, expansion opportunities, and potential acquisitions within the energy and energy services sectors.

Energy Asset Monetization and Portfolio Growth

Management is focused on realizing value from $1.15 per share in appraised energy assets maintained through its subsidiary holdings. The company is actively evaluating acquisition targets in energy and complementary service businesses to enhance shareholder returns. This dual approach—monetizing existing assets while pursuing strategic additions—reflects management’s commitment to maximizing enterprise value across its diversified holdings.

About the Company

Houston Natural Resources Corp. operates as a diversified holding company with investments spanning energy, information technology, and healthcare sectors. The company maintains a portfolio of operating businesses and strategic investments designed to generate revenue and shareholder value across multiple industries. HNRC continues to execute its strategy of consolidation and growth while pursuing regulatory approvals necessary for increased market accessibility.