---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-012450"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:49:53.965737+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO closes acquisition of North Peak & Century Oil & Gas, raises $35M PIPE, and enters $120M credit facility

## Summary
- Issued 10.65M Series A preferred shares to acquire North Peak and Century Oil & Gas, convertible into 106.5M common shares.
- Raised $35.0M via PIPE issuance of 6.36M Series A preferred shares at $5.50/share, convertible into 63.6M common shares.
- Existing PED shareholders expected to hold ~14% post-conversion; Juniper ~52.9%, Dr. Kukes ~33.1%.
- Entered A&R credit agreement with $120M borrowing base, maturity October 2029.
- Appointed Josh Schmidt, Martyn Willsher, Kristel Franklin to board; Reagan Dukes COO, Robert Long CFO.

## SEC filing metadata
- accession: 0001654954-25-012450
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 5.03, 5.02, 5.07, 2.01, 2.03, 3.02, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495425012450/0001654954-25-012450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495425012450/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-012450
- JSON: https://secwatch.observer/filing/0001654954-25-012450.json
- Plain text: https://secwatch.observer/filing/0001654954-25-012450.txt

## Source-grounded claims
- claim_id: aeeb4bf8534a58ee6798daab7f46875a0e52f9df
  claim: PEDEVCO CORP: Filed Second Amended and Restated Certificate of Designations for Series A Convertible Preferred Stock, establishing new series with specific voting, conversion, liquidation, and transfer rights (effective 2025-10-31).
  evidence_excerpt: Second Amended and Restated Designation of Series A Convertible Preferred Stock In preparation of the Closing, the Board approved the Second Amended and Restated Certificate of Designations of PEDEVCO Corp. Establishing the Designations, Preferences, Limitations and Relative Rights of Its Series A Convertible Preferred Stock (the “ PEDEVCO Series A Designation ”) on October 29, 2025, which was filed with the Secretary of State of Texas on October 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495425012450/0001654954-25-012450-index.htm
- claim_id: 069ef3eabce5ad6a088f81e70b32c06f5a60d350
  claim: PEDEVCO CORP completed an acquisition involving Century Oil and Gas Holdings, LLC and North Peak Oil & Gas Holdings, LLC for 10,650,000 shares of Series A Convertible Preferred Stock (closed 2025-10-31).
  evidence_excerpt: ”), all of the issued and outstanding limited liability company interests of each of the Acquired Companies were automatically converted into the right to receive an aggregate of 10,650,000 validly issued, fully paid and nonassessable shares of newly designated Series A Convertible Preferred Stock of PEDEVCO (the “ Merger Preferred Shares ”), par value $0.001 per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495425012450/0001654954-25-012450-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.