- PEDEVCO (NYSE:PED) raised $15M through the sale of restricted common stock at $2.20/share to SK Energy, an investment firm owned by Simon Kukes, the Company's CEO,
- The company also announced an additional $3M through the sale of restricted common stock at $2.00 per share to two investors unaffiliated with the Company.
- The proceeds from the offering will be used to fund the Company's 2019 Permian Basin asset development program and acquisition activities.