PEDEVCO CORP — fact timeline

Paul Pinkston was terminated as other_named_officer at PEDEVCO CORP.

“in connection with Mr. Pinkston’s June 23, 2026 termination of employment with the Company.”

Paul Pinkston departed as Chief Accounting Officer at PEDEVCO CORP.

“mutually agreed with Mr. Paul Pinkston that he step down from the position of Chief Accounting Officer of, and to terminate his employment with, the Company.”

PEDEVCO CORP amended Third Amendment to Credit Agreement with Citibank, N.A., as administrative agent valued at $120 million to $125 million (effective 2026-05-19).

“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.”

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.”

PEDEVCO CORP reported financial results for the first quarter ended March 31, 2026.

“On May 14, 2026, PEDEVCO Corp. (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2026.”

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.”

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.”

PEDEVCO CORP reported fourth quarter and full year ended December 31, 2025 results: revenue $22.5 – 23.5 Million.

“Fourth Quarter and Full Year 2025 Results Following Transformational Juniper Merger Record Preliminary* Q4 and Full Year 2025 Financial Results Q4 Revenue Rose over 2x to $22.5 – 23.5 Million Q4 Adj. EBITDA Grew Nearly 3x to $14.5 – 15.5 Million Q4 Average Daily Production grew ~140% to 5 – 5.5 Mboe/d Earnings Results and 2026 Financial Outlook to Be”

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.”

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.”

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 ”).”

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 ").”

PEDEVCO CORP issued 10,650,000 shares of newly designated Series A Convertible Preferred Stock of preferred stock to Century Oil and Gas Holdings, LLC and North Peak.

“The issuance of the Merger Preferred Shares and PIPE Preferred Shares was exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act.”

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.”

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”

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”

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.”

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.”

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 independent registered public accounting firm, Marcum LLP (“ Marcum ”), concluded that the Company’s previously issued audited financial statements included in the Company’s (i) audited consolidated financial statements as of and for the fiscal year ended December 31, 2023, originally included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “ 2023 10-K ”), and (ii) audited consolidated financial statements as of and for the fiscal year ended December 31, 2022, originally included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “ 2022 10-K ”)(collectively, the “ Form 10-Ks ” and the “ Prior Financial Statements ”) filed with the Securities and Exchange Commission (the “ SEC ”) on March 18, 2024 and March 29, 20”

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,”

PEDEVCO CORP reported the year ended December 31, 2023 results: revenue $31 million, net income $0.3 million, EPS $0.00 per basic diluted share outstanding.

“EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 8% to $17.5 million in 2023, compared to $16.1 million in 2022. · Reported revenue of $31 million, increasing 2% over 2022 revenue. · Reported operating loss of $0.2 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and”

PEDEVCO CORP reported three-months ended September 30, 2023 results: revenue $7.33 million, net income $0.95 million, or $0.01 per basic and diluted share outstanding, EPS $0.01 per basic and diluted share outstanding.

“of oil equivalent per day ("BOEPD") (81.0% liquids) in the three months ended September 30, 2023 (“Q3 2023”), compared to 960 BOEPD produced in Q3 2022. · Q3 2023 revenue of $7.33 million, decreasing 2% from Q3 2022. · Operating income of $0.9 million, decreasing 16% from Q3 2022. · Operating expenses (inclusive of general and administrative expenses,”

PEDEVCO CORP completed a disposition involving Tilloo Exploration and Production, LLC for $1,122,436 (closed 2023-11-09).

“Pursuant to the Purchase Agreement, we (through PEDCO and our wholly-owned subsidiary EOR Operating Company (“ EOR ”)) agreed to sell certain oil and gas assets described in greater detail below (collectively, the “ Assets ”), and pursuant to the Stock Purchase Agreement we agreed to sell 100% of the capital stock of EOR, which operates most of the Assets, to Tilloo for aggregate consideration of $1,122,436 (the “ Sales Price ”).”

PEDEVCO CORP entered into Participation Agreement with Evolution Petroleum Corporation valued at $401,733.00 (effective 2023-09-12).

“On September 12, 2023, PEDEVCO Corp. (the “ Company ”) and Evolution Petroleum Corporation (“ Evolution ”) entered into a Participation Agreement for the joint development of a portion of the Company’s Permian Basin Asset known as the Chaveroo oilfield”

PEDEVCO CORP shareholders approved Advisory approval of the compensation of the Company’s named executive officers at the 2023-08-31 meeting.

“To approve, by non-binding vote, the compensation of the Company’s named executive officers: For: 66,011,704 Against: 292,108 Abstain: 23,287 Broker Non-Votes: 694,072”

PEDEVCO CORP shareholders approved Ratification of the appointment of Marcum LLP as the Company’s independent auditors for fiscal year 2023 at the 2023-08-31 meeting.

“Ratification of the appointment of Marcum LLP, as the Company’s independent auditors for the fiscal year ending December 31, 2023: For: 66,845,552 Against: 174,521 Abstain: 1,098 Broker Non-Votes: -0-”

PEDEVCO CORP shareholders approved Election of three director nominees at the 2023-08-31 meeting.

“On August 31, 2023, the Company held its 2023 Annual Meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders (i) elected three director nominees, (ii) approved, on an advisory basis, the appointment of Marcum LLP, as the Company’s independent registered public accounting firm for the 2023 fiscal year, and (iii) approved, on a non-binding advisory basis, the compensation awarded to the Company’s named executive officers for 2023.”

PEDEVCO CORP reported financial results for six months ended June 30, 2023.

“On August 14, 2023, PEDEVCO Corp. (the “ Company ”) issued a press release announcing its financial results for the three and six-months ended June 30, 2023, and providing an operations update.”

PEDEVCO CORP reported the three months ended March 31, 2023 results: revenue $8.2 million, net income $1.8 million, EPS $0.02 per basic and diluted share outstanding.

“Key Highlights Include: ● Produced an average of approximately 1,428 barrels of oil equivalent per day ("BOEPD") (80.4% oil) in the three months ended March 31, 2023 (“Q1 2023”), with Q1 2023 revenue of $8.2 million increasing 15% over revenue earned during the three months ended March 31, 2022 (“Q1 2022”). ● Reported operating income of $1.6 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $6.5 million, increasing 30% and 12%, respectively, from Q1 2022. ● Reported net income of $1.8 million, or $0.02 per basic and diluted share outstanding, compared to net income of $1.3 million, or $0.02 per basic and diluted share outstanding, in Q1 2022.”

PEDEVCO CORP reported the year ended December 31, 2022 results: revenue $30 million, net income $2.8 million or $0.03 per basic diluted share outstanding, EPS $0.03 per basic diluted share outstanding.

“an operations update. Key Highlights Include: · Produced an average of approximately 1,000 barrels of oil equivalent per day ("BOEPD") (83.5% oil) in 2022, with 2022 revenue of $30 million increasing 89% over 2021 revenue. · Reported operating income of $2.6 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion”

PEDEVCO CORP reported three months ended September 30, 2022 results: revenue $7.47 million, net income $1.1 million, EPS $0.01 per basic diluted share outstanding.

“· Produced an average of 960 barrels of oil equivalent per day (“BOEPD”) (87% oil) in the three months ended September 30, 2022 (“Q3 2022”), with Q3 2022 revenue of $7.47 million increasing 84% over revenue earned during the three months ended September 30, 2021 (“Q3 2021”). · Reported Q3 2022 operating income of $1.02 million, increasing nearly 390% from Q3 2021. · Reported Q3 2022 operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $6.45 million, increasing $2.0 million and 46% from Q3 2021. · Reported Q3 2022 net income of $1.1 million or $0.01 per basic diluted share outstanding, compared to a net loss of $0.3 million, or a ($0.00) loss per basic diluted share outstanding, in Q3 2021.”

PEDEVCO CORP reported the three months ended March 31, 2022 results: revenue $7.1 million, net income $1.34 million, EPS $0.02 per basic diluted share outstanding.

“PEDEVCO Announces Q1 2022 Financial Results and Operations Update HOUSTON, TX, May 16, 2022 (ACCESSWIRE) -- PEDEVCO Corp. (NYSE American: PED)(“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three months ended March 31, 2022 and provided an operations update. Key Highlights Include: · Produced an average of 1,074 barrels of oil equivalent per day (“BOEPD”) (80% oil) in the three months ended March 31, 2022 (“Q1 2022”), with Q1 2022 revenue of $7.1 million increasing 101% over revenue earned during the three months ended March 31, 2021 (“Q1 2021”). · Reported Q1 2022 operating income of $1.26 million, increasing 74% from Q1 2021. · Reported Q1 2022 operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $5.8 million, increasing $1.22 million and 26% f”