PEDEVCO Announces 1-for-20 Reverse Split to 13.3M Shares
PEDEVCO will implement a 1-for-20 reverse stock split effective March 13, 2026, converting roughly 266.0 million outstanding shares into about 13.3 million shares. The move follows its transformative merger with Juniper Capital Advisors portfolio companies and aims to boost per-share pricing and appeal to institutional investors.
1. Reverse Stock Split Details
PEDEVCO’s board approved a 1-for-20 reverse stock split to become effective at 12:01 a.m. EDT on March 13, 2026, with trading on a split-adjusted basis to begin at the NYSE American open that day. Every 20 shares of common stock will convert into one share, and the company’s CUSIP will update to 70532Y402 while its trading symbol remains PED.
2. Share Count and Capital Structure Impact
The split will reduce outstanding common shares from approximately 266.0 million to about 13.3 million, with no change to authorized share counts or par value of $0.001. All outstanding options and equity awards will be adjusted on a 1-for-20 basis, and fractional shares will be settled in cash based on the pre-split closing price.
3. Purpose and Institutional Positioning
This reverse split follows PEDEVCO’s recent merger with portfolio companies controlled by Juniper Capital Advisors and is designed to streamline its capital structure, enhance per-share metrics and elevate its appeal to a broader range of institutional investors.