PEDEVCO Corp. Announces 1-for-20 Reverse Stock Split

PEDEVCO Corp. announced a 1-for-20 reverse stock split, effective March 13, 2026. This action, approved by stockholders and the Board of Directors, aims to reduce the number of outstanding shares and increase the per-share trading price. The split is intended to streamline the company's capital structure following a recent merger, potentially enhancing its market profile and appeal to institutional investors. Fractional shares will be settled in cash. Stock options and equity awards have been proportionally adjusted. The company's common stock will continue trading under the symbol "PED" on the NYSE American. This move is expected to reduce the number of outstanding shares from approximately 266 million to 13.3 million.