PEDEVCO CORP amended credit facility of increase the borrowing base and elected commitment amount from $120 million to $125 million with Citibank, N.A., as administrative agent.
“Third Amendment to Amended and Restated Credit Agreement On May 19, 2026 (the “Third Amendment Effective Date”), PEDEVCO Corp., a Texas corporation (the “Company”), entered into a Third Amendment to Credit Agreement (the “Third Amendment”) with Citibank, N.A., as administrative agent (the “Administrative Agent”), each of the guarantors party thereto, and each of the lenders party thereto.”
Material Agreements
PEDEVCO CORP amended Second Amendment to Credit Agreement with Citibank, N.A., as administrative agent valued at Amended EBITDAX definition, borrowing base redetermination schedule, and reserve report delivery sch (effective 2026-05-05).
“On May 5, 2026 (the “Second Amendment Effective Date”), PEDEVCO Corp., a Texas corporation (the “Company”), entered into a Second Amendment to Credit Agreement (the “Second Amendment”) with Citibank, N.A., as administrative agent (the “Administrative Agent”), each of the guarantors party thereto, and each of the lenders party thereto.”
Earnings Releases
PEDEVCO CORP reported financial results for the quarter and year ended December 31, 2025.
“On March 31, 2026, PEDEVCO Corp. (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2025.”
Governance Changes
PEDEVCO CORP: Filed a Certificate of Amendment to the Second Amended and Restated Certificate of Formation to effect a 1-for-20 reverse stock split, effective March 13, 2026 (effective 2026-03-13).
“On March 10, 2026, we filed a Certificate of Amendment to our Second Amended and Restated Certificate of Formation (the “ Certificate of Amendment ”) with the Secretary of State of the State of Texas to effect the Reverse Stock Split.”
Governance Changes
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).
“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.”
Debt Financings
PEDEVCO CORP incurred revolving credit of borrowed an additional $5 million with Citibank, N.A. as administrative agent and the lenders from time to time party thereto.
“On February 5, 2026, the Company borrowed an additional $5 million under the A&R Credit Agreement (the “ Draw Down ”).”
Debt Financings
PEDEVCO CORP incurred revolving credit of $6 million with Citibank, N.A..
“On January 8, 2026, the Company borrowed an additional $6 million under the A&R Credit Agreement (the " Draw Down ").”
Governance Changes
PEDEVCO CORP: Filed Second Amended and Restated Certificate of Designations for Series A Convertible Preferred Stock, establishing new series with specific voting, conversion, liquidation, and transfer rights (effective 2025-10-31).
“Second Amended and Restated Designation of Series A Convertible Preferred Stock In preparation of the Closing, the Board approved the Second Amended and Restated Certificate of Designations of PEDEVCO Corp. Establishing the Designations, Preferences, Limitations and Relative Rights of Its Series A Convertible Preferred Stock (the “ PEDEVCO Series A Designation ”) on October 29, 2025, which was filed with the Secretary of State of Texas on October 31, 2025.”
M&A Transactions
PEDEVCO CORP completed an acquisition involving Century Oil and Gas Holdings, LLC and North Peak Oil & Gas Holdings, LLC for 10,650,000 shares of Series A Convertible Preferred Stock (closed 2025-10-31).
“”), all of the issued and outstanding limited liability company interests of each of the Acquired Companies were automatically converted into the right to receive an aggregate of 10,650,000 validly issued, fully paid and nonassessable shares of newly designated Series A Convertible Preferred Stock of PEDEVCO (the “ Merger Preferred Shares ”), par value $0.001 per”
Auditor Changes
PEDEVCO CORP reported that prior financial statements should not be relied upon.
“(the “ Company ”), after discussion with the Company’s senior management and the Company’s former independent registered public accounting firm, Marcum LLP (“ Marcum ”), which audited the Company’s financial statements for the year ended December 31, 2024, concluded that the Company’s previously issued audited financial statements included in the Company’s audited consolidated financial statements as of and for the fiscal year ended December 31, 2024, originally included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “ Prior Financial Statements ”) filed with the Securities and Exchange Commission (the “ SEC ”) on March 31, 2025, should no longer be relied upon and should be restated due to an error in the accounting for the prior period net operating losses in the calculation of the tax provision for the impacted period (the “ Error ”). This”
Auditor Changes
PEDEVCO CORP engaged Weaver and Tidwell, L.L.P. as its auditor.
“(b) Engagement of Weaver and Tidwell, L.L.P. Also, on July 7, 2025, with the approval of the Audit Committee, the Company engaged Weaver and Tidwell, L.L.P. (“ Weaver ”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately.”
Auditor Changes
PEDEVCO CORP dismissed Marcum LLP as its auditor.
“☐ Item 4.01 Change in Registrant’s Certifying Accountant (a) Dismissal of Marcum LLP . On July 1, 2025, with the approval of the Audit Committee of the board of directors of PEDEVCO Corp. (the “ Company ”, “ we ” and “ us ”), the Company dismissed Marcum LLP (“ Marcum ”) as the Company’s independent registered public accounting firm, effective immediately.”
Earnings Releases
PEDEVCO CORP reported three months ended March 31, 2024 results: revenue $8.12 million, net income $0.8 million, EPS $0.01 per basic and diluted share outstanding.
“barrels of oil equivalent per day ("BOEPD") (84% liquids) in the three months ended March 31, 2024 (“Q1 2024”), compared to 1,428 BOEPD produced in Q1 2023. · Q1 2024 revenue of $8.12 million, decreasing $48,000 from Q1 2023. · Operating income of $0.6 million, decreasing 62% from Q1 2023. · Operating expenses (inclusive of general and administrative expenses,”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.