Attached files
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EX-99.2 - PRESS RELEASE OF PEDEVCO CORP. DATED FEBRUARY 2, 2021 - PEDEVCO CORP | ped_ex99-2.htm |
EX-10.1 - FORM OF LOCK-UP AGREEMENT - PEDEVCO CORP | ped_ex10-1.htm |
EX-5.3 - OPINION OF THE LOEV LAW FIRM, PC - PEDEVCO CORP | ped_ex5-1.htm |
EX-1.1 - UNDERWRITING AGREEMENT - PEDEVCO CORP | ped_ex1-1.htm |
8-K - CURRENT REPORT - PEDEVCO CORP | ped_8k.htm |
Exhibit 99.1
PEDEVCO Corp. Announces Launch of Proposed Underwritten Follow-on
Offering of Common Stock
February 02, 2021
HOUSTON, TX / ACCESSWIRE / February 2, 2021 / PEDEVCO
Corp. (NYSE:PED), today announced its
intention to offer its shares of common stock ("Shares") in a firm
commitment underwritten public offering. In connection with the
offering, PEDEVCO Corp. expects to grant the underwriter a 45-day
option to purchase up to an additional 15% of the Shares to be sold
in the offering to cover over-allotments, if any. The Shares are
being offered by PEDEVCO Corp. pursuant to an effective shelf
registration statement on file with the Securities and Exchange
Commission (the "SEC").
Kingswood
Capital Markets, division of Benchmark Investments, Inc. is acting
as the Sole Book Runner for the Offering.
The
offering is subject to market conditions and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.
The
shares of common stock described above are being offered by PEDEVCO
Corp. pursuant to a "shelf" registration statement on Form S-3
(File No. 333-250904) filed with the Securities and Exchange
Commission (SEC) and the accompanying prospectus contained therein.
The offering of the shares of common stock is being made only by
means of a prospectus, including a prospectus supplement, forming a
part of the effective registration statement. A preliminary
prospectus supplement and the accompanying prospectus relating to
and describing the terms of the offering will be filed with the
SEC. Copies of the preliminary prospectus supplement and the
accompanying prospectus relating to this offering may be obtained
on the SEC's website at http://www.sec.gov or
by contacting Kingswood Capital Markets, Attention: Syndicate
Department, 17 Battery Place, Suite 625, New York, NY 10004, by
email at syndicate@kingswoodcm.com, or by telephone at (212)
404-7002.
This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About PEDEVCO Corp.
PEDEVCO
Corp. (NYSE American:PED) is a publicly-traded energy company
engaged in the acquisition and development of strategic, high
growth energy projects in the United States. PEDEVCO's principal
assets are its San Andres Asset located in the Northwest Shelf of
the Permian Basin in eastern New Mexico, and its Denver-Julesberg
("D-J") Basin Asset located in the D-J Basin in Weld and Morgan
Counties, Colorado. PEDEVCO is headquartered in Houston, Texas.
More information about PEDEVCO can be found at
www.pedevco.com.
Forward-Looking Statements
All
statements in this press release that are not based on historical
fact are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and the provisions
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Acts"). In particular, when used in the preceding discussion, the
words "estimates," "believes," "hopes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act, and are subject to the safe harbor
created by the Act. Any statements made in this news release other
than those of historical fact, about an action, event or
development, are forward-looking statements. While management has
based any forward-looking statements contained herein on its
current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a
number of risks, uncertainties, and other factors, many of which
are outside of the Company's control, that could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not necessarily
limited to, those set forth under Item 1A "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December
31, 2019 and subsequently filed Quarterly Reports on Form 10-Q
under the heading "Risk Factors". The Company operates in a highly
competitive and rapidly changing environment, thus new or
unforeseen risks may arise. Accordingly, investors should not place
any reliance on forward-looking statements as a prediction of
actual results. The Company disclaims any intention to, and
undertakes no obligation to, update or revise any forward-looking
statements, except as otherwise required by law, and also takes no
obligation to update or correct information prepared by third
parties that are not paid for by the Company. Readers are also
urged to carefully review and consider the other various
disclosures in the Company's public filings with the Securities
Exchange Commission (SEC).
CONTACT:
PEDEVCO
Corp.
(713) 221-1768
PR@pedevco.com
SOURCE: PEDEVCO Corp.