Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1087

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1087
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 acquisitions, mergers or business combinations we may enter into in the future could result in a change of control of the Company, and a change in the Board of Directors or officers of the Company. In addition, the key personnel of the acquired business may not be willing to work for us. We cannot predict the effect expansion may have on our core business. Regardless of whether we are successful in making an acquisition or completing a business combination, the negotiations could disrupt our ongoing business, distract our management and employees and increase our expenses. In addition to the risks described above, acquisitions and business combinations are accompanied by a number of inherent risks, including, without limitation, the following:

 ·the difficulty of integrating acquired companies, concepts and operations; ·the potential disruption of the ongoing businesses and distraction of our management and the management of acquired companies; ·change in our business focus and/or management; ·difficulties in maintaining uniform standards, controls, procedures and policies; ·the potential impairment of relationships with employees and partners as a result of any integration of new management personnel; ·the potential inability to manage an increased number of locations and employees; ·our ability to successfully manage the companies and/or concepts acquired; ·the failure to realize efficiencies, synergies and cost savings; or ·the effect of any government regulations which relate to the business acquired.

Our business could be severely impaired if and to the extent that we are unable to succeed in addressing any of these risks or other problems encountered in connection with an acquisition or business combination, many of which cannot be presently identified. These risks and problems could disrupt our ongoing business, distract our management and employees, increase our expenses and adversely affect our results of operations.

Any acquisition or business combination transaction we enter into in the future could cause substantial dilution to existing stockholders, result in one party having majority or significant control over the Company or result in a change in business focus of the Company.

We may incur indebtedness which could reduce our financial flexibility, increase interest expense and adversely impact our operations and our unit costs.

We currently have no outstanding indebtedness, but we may incur significant amounts of indebtedness in the future in order to make acquisitions or to develop our properties. Our level of indebtedness could affect our operations in several ways, including the following:

 ·a significant portion of our cash flows could be used to service our indebtedness; ·a high level of debt would increase our vulnerability to general adverse economic and industry conditions; ·any covenants contained in the