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FAQ: PEDEVCO Corp. Merger with Juniper Portfolio Companies and Rockies Expansion
TL;DR
PEDEVCO's merger with Juniper Capital creates a dominant Rockies player with 53% ownership, substantial DJ and Powder River Basin assets, and a $35 million private placement for competitive advantage.
PEDEVCO merged with Juniper Capital's portfolio, issuing 10.65 million Series A Convertible Preferred Shares, refinancing obligations, and executing a concurrent $35 million private placement to advance its Rockies growth strategy.
This strategic merger strengthens PEDEVCO's position to develop domestic energy resources, supporting energy independence and creating sustainable growth opportunities in the Rockies region for local communities.
PEDEVCO's transformative merger adds significant DJ and Powder River Basin assets while restructuring the company with $87 million in debt and $10 million cash for Rockies expansion.
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The merger adds substantial DJ and Powder River Basin assets to PEDEVCO, refinances existing obligations, and includes a concurrent $35 million private placement to advance a consolidation-focused Rockies growth strategy.
PEDEVCO Corp. is merging with oil-weighted portfolio companies controlled by Juniper Capital Advisors, with Roth Capital Partners serving as financial advisor to PEDEVCO.
The transaction includes issuing 10.65 million Series A Convertible Preferred Shares, a concurrent $35 million private placement, and results in the combined company holding approximately $87 million in debt and $10 million in cash.
Upon conversion of the preferred shares, Juniper and its affiliates will own about 53 percent of the combined company.
The merger adds substantial DJ Basin and Powder River Basin assets, complementing PEDEVCO's existing D-J Basin Asset in Colorado and Southeastern Wyoming and its San Andres Asset in the Permian Basin in eastern New Mexico.
PEDEVCO is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States, headquartered in Houston, Texas.
The full press release can be viewed at https://ibn.fm/wH6Mu, and more information about PEDEVCO can be found at https://www.pedevco.com/
The combined company will advance a consolidation-focused Rockies growth strategy, leveraging the added assets and financial resources from the merger.
Curated from InvestorBrandNetwork (IBN)
