PEDEVCO Corp., doing business as Pacific Energy Development, regained compliance with NYSE MKT continued listing standards, the company said Sept. 17.
On Jan. 8, the company was notified that the reporting stockholders’ equity was below listing requirements. In a Sept. 14 letter, PEDEVCO was told it regained compliance.
Frank C. Ingriselli, chairman and CEO, said the company is on-track with business objectives, specifically reducing expenses and moving forward on the business combination with Dome Energy.
PEDEVCO Corp. is based in Danville, Calif.
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