Pedevco Corp. (PED) Prices 5.19M Share Common Offering at $1.50/Sh

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Go back to Pedevco Corp. (PED) Prices 5.19M Share Common Offering at $1.50/Sh

PEDEVCO Corp. Announces Pricing of $7.8 Million Underwritten Public Offering of Common Stock

February 3, 2021 1:31 AM EST

HOUSTON, TX / ACCESSWIRE / February 3, 2021 / PEDEVCO Corp. (NYSE: PED), today announced the pricing of an underwritten public offering of 5,190,000 shares of common stock (the "Shares") at a public offering price of $1.50 per Share, for gross proceeds to the Company of approximately $7.8 million, before deducting underwriting discounts and other offering expenses.

Kingswood Capital Markets, division of Benchmark Investments, Inc. is acting as the sole book runner for the offering.

The offering is expected to close on or about February 5, 2021, subject to customary closing conditions. In connection with... More