PEDEVCO Corp. has completed a $35 million private placement of Preferred Shares, which will convert into 63,636,370 shares of common stock. Participants in the placement include Juniper, as well as PEDEVCO's senior management team and new management members. The proceeds from the equity offering have been applied to the consideration of a recent transaction to maintain a conservative balance sheet and position the company for future growth. All Preferred Shares related to the transaction and equity raise are expected to be converted to common stock simultaneously. Shareholder approval for the conversion has been received, with the process subject to customary regulatory procedures.