PEDEVCO control shifts to Edward Geiser after preferred conversion; board expanded to six

PEDEVCO CORP

On Feb 27, 2026, 106.5M shares issued to Century/North Peak and 63.6M to PIPE investors upon automatic conversion of Series A Preferred.
Edward Geiser obtained voting control of ~51.6% of outstanding common; Dr. Kukes' stake fell from 62.6% to 33.1%.
Board expanded from five to six members; Geiser appointed director and chair of Nominating Committee; Josh Schmidt named Chairman.
Juniper Shareholder (Geiser) can nominate three directors while ownership >=50%; Martyn Willsher and Kristel Franklin added as independent directors.
Authorized common shares increased to 300M; Board granted authority to effect a reverse stock split of 1:10 to 1:20 by Oct 2026.

item 5.01 item 5.02 item 3.02 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PEDEVCO CORP: Amended and restated charter to increase authorized common shares from 200M to 300M, remove reverse stock split references, update director provisions, add corporate opportunities waiver for certain investor groups, revise supermajority and majority voting provisions, remove Series A Preferred Stock (effective 2026-02-27).

Change: charter amendment
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, the Company filed the A&R Charter with the Secretary of State of Texas, which amendment was effective the same date.

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40 governance changes filed in the last 30 days. Browse all governance changes →

PEDEVCO CORP filing history →

Source: SEC EDGAR

accession 0001654954-26-001835

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