PEDEVCO Raises $35 Million in Private Placement of Preferred Shares

Reuters11-03

PEDEVCO Raises $35 Million in Private Placement of Preferred Shares

PEDEVCO Corp. has completed a $35 million private placement of Preferred Shares, which will convert into 63,636,370 shares of common stock. Participants in the placement include Juniper, as well as PEDEVCO's senior management team and new management members. The proceeds from the equity offering have been applied to the consideration of a recent transaction to maintain a conservative balance sheet and position the company for future growth. All Preferred Shares related to the transaction and equity raise are expected to be converted to common stock simultaneously. Shareholder approval for the conversion has been received, with the process subject to customary regulatory procedures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PEDEVCO Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1096051) on November 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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