PEDEVCO completes North Peak merger; pro forma net income $13M for 9 months

PEDEVCO CORP

Total consideration ~$179.9M: 10.65M Series A Convertible Preferred ($64.2M) plus $115.7M cash to settle North Peak debt.
PIPE investors bought 6.36M Series A Preferred at $5.50/share for $35M; convert at 10:1 into 63.6M common shares.
Pro forma combined net income $13.0M for 9 months ended Sep 30, 2025 (standalone loss $1.9M) and $44.4M for FY2024.
Pro forma diluted EPS $0.05 for 9 months 2025, $0.17 for FY2024.
Acquired ~281,000 net acres in DJ and Powder River Basins.

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