PEDEVCO Merges with Juniper Portfolio Companies to Expand Rockies Presence

PEDEVCO Corp. (NYSE American: PED) has completed a significant merger with oil-weighted portfolio companies controlled by Juniper Capital Advisors, marking a strategic expansion in the Rockies region. The transaction adds substantial DJ and Powder River Basin assets to PEDEVCO's portfolio while issuing 10.65 million Series A Convertible Preferred Shares as part of the agreement. This merger represents a substantial restructuring of the company's financial and operational footprint in key energy-producing regions.

The financial components of the deal include refinancing existing obligations and a concurrent $35 million private placement, providing substantial capital for future operations. Upon conversion of the preferred shares, Juniper and its affiliates will own approximately 53 percent of the combined company, establishing them as the majority stakeholders. The newly structured entity is expected to hold roughly $87 million in debt alongside $10 million in cash, creating a balanced financial position for pursuing growth initiatives.

This merger supports PEDEVCO's consolidation-focused Rockies growth strategy, which aims to strengthen the company's position in the competitive energy market. The addition of Juniper's portfolio companies brings significant scale and advisory support to PEDEVCO's operations, potentially enhancing operational efficiency and market competitiveness. Roth Capital Partners served as financial advisor to PEDEVCO throughout the transaction process, providing strategic guidance on the complex merger arrangement.

The expanded asset base now includes PEDEVCO's existing D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado and Southeastern Wyoming, combined with the newly acquired assets from Juniper's portfolio companies. This geographic diversification across multiple basins provides the company with enhanced operational flexibility and risk mitigation capabilities. The strategic combination of assets positions PEDEVCO to better capitalize on market opportunities in the evolving energy landscape.

More information about PEDEVCO can be found at https://www.pedevco.com/ while additional details about the transaction are available through InvestorWire's platform at https://ibn.fm/wH6Mu. The merger represents a significant step in PEDEVCO's corporate development strategy, potentially creating enhanced value for shareholders through improved scale and operational capabilities in key energy markets.