PEDEVCO (US:PED)2025-11-05 16:30Transaction Overview - PEDEVCO and Juniper have merged, creating a Rockies-focused company poised for growth [11, 26] - Juniper and its affiliates will own approximately 53% of the pro forma shares after conversion, while existing PEDEVCO shareholders will own about 47% [15] - The merger is funded via an expanded $250 million reserve-based lending (RBL) facility, with an initial $120 million borrowing base [15] Pro Forma Company Highlights - The combined company boasts over 328,000 net acres, primarily in the DJ Basin and Powder River Basin [14] - Second quarter of 2025 net production reached 7,404 Boepd, a roughly 388% increase compared to PEDEVCO alone [13] - Liquids account for approximately 88% of the pro forma company's production [13] - Last Twelve Months (LTM) EBITDA is approximately $96 million [13] Financial Position - Pro forma net leverage is approximately 0.8x LTM EBITDA [14] - The company has $87 million in debt and $43 million in liquidity [47] - $35 million in new equity was provided by existing and new members of PEDEVCO management and Juniper [15]