PEDEVCO Announces 1-For-20 Reverse Stock Split
Rhea-AI Summary
PEDEVCO (NYSE American: PED) will effect a 1-for-20 reverse stock split at 12:01 a.m. EDT on March 13, 2026, consolidating roughly 266.0 million shares into approximately 13.3 million shares. The trading symbol will remain PED and the CUSIP will change to 70532Y402.
The Board says the split aims to reduce share count, raise the per-share trading price, streamline capital structure after a transformative merger, and broaden institutional investor access. No change to authorized shares or par value ($0.001). Fractions will be settled in cash; outstanding options and equity awards will be adjusted.
Positive
- Outstanding shares reduced ~95% (266.0M to ~13.3M)
- Effective date set for March 13, 2026 at 12:01 a.m. EDT
- Trading symbol unchanged as PED; CUSIP updates to 70532Y402
Negative
- Fractional shares will be paid in cash rather than issued
- Outstanding options and equity awards will be adjusted post‑split
Key Figures
Market Reality Check
Peers on Argus
PED was up 11.94% with strong volume while 4 tracked peers on the momentum scanner (e.g., GTE, EP, PROP, EPSN) also moved up, with a median gain around 1.3%. This supports a broader upside move across Oil & Gas E&P alongside PED’s reverse-split news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 25 | Reserves update | Positive | -1.8% | Reported 2025 proved reserves and PV-10 for the expanded Rockies asset base. |
| Nov 17 | Quarterly earnings | Neutral | -2.5% | Q3 2025 results with lower revenue and production but positive adjusted EBITDA. |
| Nov 4 | Merger closing | Positive | -6.7% | Detailed post-merger structure, preferred issuance, debt levels, and expanded acreage. |
| Nov 3 | Merger closing | Positive | +3.5% | Announced completion of transformative Juniper merger and related financing steps. |
Recent history shows mixed reactions: two positive catalysts saw selloffs while one merger headline coincided with gains, suggesting inconsistent trading around news.
Over the past few months, PED has focused on scaling its Rockies footprint and defining its post-merger profile. A Nov 2025 merger and financing package reshaped ownership, debt and acreage, followed by Q3 2025 results showing lower revenue and production but positive EBITDA and zero legacy debt. In Feb 2026, PED detailed year-end 2025 proved reserves and PV-10 for the enlarged asset base. Today’s reverse stock split fits into this broader effort to streamline capital structure and capital markets positioning after the Juniper-led combination.
Market Pulse Summary
This announcement details a 1-for-20 reverse stock split effective March 13, 2026, reducing outstanding common shares from about 266.0 million to roughly 13.3 million while keeping par value at $0.001 and authorized share counts unchanged. The move follows PED’s transformative merger and aims to streamline its capital structure and clarify per-share metrics. Investors may watch how split-adjusted trading, institutional interest and future filings, including the planned Form 8-K, reflect this restructuring step.
Key Terms
reverse stock split financial
CUSIP financial
par value financial
Schedule 14C regulatory
Form 8-K regulatory
AI-generated analysis. Not financial advice.
HOUSTON, March 03, 2026 (GLOBE NEWSWIRE) -- PEDEVCO Corp. (NYSE American: PED) (“PEDEVCO” or the “Company”), a domestic energy company engaged in the acquisition and development of strategic, high growth energy projects in the Rocky Mountain region, today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-20 (the “Reverse Stock Split”). The Reverse Stock Split is expected to become effective on March 13, 2026 at 12:01 a.m. EDT (the “Effective Time”), with shares expected to begin trading on the NYSE American on a split-adjusted basis at market open on March 13, 2026.
The primary goal of the Reverse Stock Split is to reduce the number of outstanding shares and proportionately increase the per-share trading price, resulting in a more streamlined capital structure following the Company’s recently completed transformative merger with certain portfolio companies controlled by Juniper Capital Advisors, L.P. The Board believes this action will enhance the Company’s capital markets profile, improve the clarity and consistency of per-share metrics, and better position the Company with a broader range of institutional investors.
As a result of the Reverse Stock Split, every 20 shares of the Company’s common stock issued and outstanding as of the Effective Time will be converted into one share of the Company’s common stock. No change will be made to the trading symbol for the Company’s shares of common stock, “PED”, in connection with the Reverse Stock Split, however, the Company’s CUSIP number will change to 70532Y402 following the Reverse Stock Split.
The Reverse Stock Split is not related to any exchange listing requirements. The Reverse Stock Split was approved by the Company’s majority stockholders via a written consent to action without meeting on October 31, 2025, as disclosed in greater detail in the Company’s definitive information statement on Schedule 14C filed with the Securities and Exchange Commission on February 2, 2026 (the “Information Statement”), to be effected at the Board’s discretion within certain approved parameters. Following the effectiveness of the written consent on February 27, 2026, the final ratio was approved by the Company’s Board.
The Reverse Stock Split will reduce the number of shares of the Company’s outstanding common stock from approximately 266.0 million shares (as of the date of this press release) to approximately 13.3 million shares, subject to potential changes in the number of outstanding shares through the effective date of the Reverse Stock Split.
The Reverse Stock Split will affect all issued and outstanding shares of common stock. All outstanding options, and other securities entitling their holders to purchase or otherwise receive shares of common stock will be adjusted as a result of the Reverse Stock Split, as required by the terms of each security. The number of shares available to be awarded under the Company’s equity incentive plans will also be appropriately adjusted. Following the Reverse Stock Split, the par value of the common stock will remain unchanged at
Additional information regarding the Reverse Stock Split is available in the Information Statement and will be included in a Current Report on Form 8-K which the Company plans to file with the SEC on the effective date of the Reverse Stock Split.
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. The Company’s principal assets are its Rockies Assets located in the D-J Basin of Wyoming and Northern Colorado and the Powder River Basin in Wyoming. The Company also holds assets in the Permian Basin located in eastern New Mexico. PEDEVCO is headquartered in Houston, Texas. More information about PEDEVCO can be found at www.pedevco.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of PEDEVCO's future expectations, plans and prospects, within the meaning of the federal securities laws, including the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions are intended to identify forward-looking statements within the meaning of the Act and such laws, and are subject to the safe harbor created by the Act and applicable laws. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of PEDEVCO and its subsidiaries to be materially different than those expressed or implied in such statements. The forward-looking statements include statements regarding the anticipated effects of the proposed Reverse Stock Split, the Company’s capital structure, per-share trading price, capital markets profile, per-share metrics, and ability to attract institutional investors, and others that are included from time to time in filings made by PEDEVCO with the Securities and Exchange Commission, including, but not limited to, in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections of its Form 10-Ks and Form 10-Qs and in the Information Statement. These reports and filings are available at www.sec.gov. The Company cautions that the foregoing list of important factors is not complete. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. Other unknown or unpredictable factors also could have material adverse effects on PEDEVCO's future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Media Contact:
PEDEVCO Corp.
(713) 221-1768
PR@pedevco.com
Investor Relations Contact:
Sean Mansouri, CFA or Laurent Weil
Elevate IR
(720) 330-2829
PED@elevate-ir.com
FAQ
What is the reverse stock split ratio and effective date for PEDEVCO (PED)?
How many PEDEVCO (PED) shares will exist after the 1-for-20 reverse split?
Will PEDEVCO (PED) change its ticker or par value after the reverse split?
How will fractional shares be handled for PEDEVCO (PED) shareholders after the split?
Will PEDEVCO (PED) shareholder vote occur for the reverse split and when was it approved?
What happens to PEDEVCO (PED) outstanding options and equity awards after the reverse split?
