secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001654954-25-012450
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 5.03, 5.02, 5.07, 2.01, 2.03, 3.02, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425012450/0001654954-25-012450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425012450/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-012450

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer