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Pacific Energy Development Corp. Prices Offering

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March 24, 2014

With ROTH Capital Partners LLC as its sole book-running manager, Pacific Energy Development Corp. (NYSE MKT: PED) priced an underwritten public offering of 2,990,000 common shares at $2.15 each, for gross proceeds of $6,428,500, ROTH Capital said March 21.

Gross proceeds totaled $7,392,775 after the underwriters’ option to purchase up to 448,500 additional shares was exercised, ROTH Capital noted, adding that option’s exercise resulted in an additional $964,275 in revenue.

ROTH Capital Partners, based in Newport Beach, Calif., is a full-service investment bank.

Danville, Calif.-based Pacific Energy Development Corp. acquires ...


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