secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001654954-26-001835
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.01, 5.02, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426001835/0001654954-26-001835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426001835/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-001835

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