Roth Capital Partners acted as
Joint-Placement Agent for PEDEVCO Corp. (NYSE:PED) in its $7 Million
Registered Direct Offering

For more information please contact:
Investment Banking
Alexander Montano
Managing Director
(949) 720-5770
Otillia (Tillin) Chen
(949) 720-5771
Dustin F. Cabrera
Vice President
(949) 720-7136
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
Nazan Akdeniz
Senior Vice President
(949) 720-5740
Lou Ellis
Senior Vice President
(949) 720-5739

Transaction Information
PEDEVCO Corp. (NYSE:PED), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., announced that it has closed its previously announced registered direct offering with a certain institutional investor, pursuant to which the Company sold approximately $7.0 million worth of common stock. Under the terms of the securities purchase agreement entered into with the investor, the Company sold approximately 4.5 million shares of common stock, at a price of $1.57 per share. The net proceeds to the Company from the registered direct offering after deducting the placement agent’s fees and other estimated offering expenses are estimated to be approximately $6.4 million.

The Company intends to use the majority of the net proceeds from the offering, (i) to fund the Company’s 2021 Permian Basin and D-J Basin asset development programs, (ii) to fund potential acquisition opportunities, and (iii) for general corporate purposes and working capital.

Roth Capital Partners acted as joint-placement agent for the offering.

About PEDEVCO Corp.
PEDEVCO Corp. is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company's principal assets are its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado. PEDEVCO is headquartered in Houston, Texas. For more information, please visit (Source: Company Press Release | 10.06.21)

About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit

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Date of Announcement: 10.28.21
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