secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K/A
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001654954-25-014297
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425014297/0001654954-25-014297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425014297/ped_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-014297

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