EnergyNewsBreaks – PEDEVCO Corp. (NYSE American: PED) Merges With Juniper Portfolio Companies, Adds Cash, Scale, and Advisory Support in Rockies Expansion
PEDEVCO (NYSE American: PED) merged with oil-weighted portfolio companies controlled by “Juniper Capital Advisors” in a transaction that adds substantial DJ and Powder River Basin assets, issues 10.65 million Series A Convertible Preferred Shares, refinances existing obligations, and includes a concurrent $35 million private placement. Upon conversion, Juniper and affiliates will own about 53 percent of the combined company, which is expected to hold roughly $87 million in debt and $10 million in cash as it advances a consolidation-focused Rockies growth strategy. Roth Capital Partners served as financial advisor to PEDEVCO. To view the full press release, visit https://ibn.fm/7HelB About…
