PEDEVCO Corp. closed a transformative merger acquiring North Peak Oil & Gas (NPOG) and Century Oil and Gas (COG), positioning the company as a premier Rockies operator with over 6,500 BOEPD (>80% oil) across 328,000 net acres. The transaction involved significant shareholder dilution and governance shifts.
Financing and Dilution: The acquisition consideration was 10.65 million Series A Preferred Shares, convertible into 106.5 million common shares. A concurrent \(35 million PIPE Financing, priced at \)5.50 per share, added another 63.6 million potential common shares upon conversion. The to
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