Company: PED
Filing Date: 2025-11-03
Form Type: 8-K
Source: 0001654954-25-012450
Chunk: 2

Company: PEDEVCO CORP
Filing Date: 2025-11-03
Form: 8-K
Item: Item 5.03
Chunk 2
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Item 5.03

, and will automatically convert into shares of common stock of PEDEVCO, par value $0.001 per share (the “

PEDEVCO common stock

” and an “

Automatic Conversion

”), at a ratio of 10-to-1, immediately following the expiration of the twenty calendar day period commencing on the distribution to PEDEVCO’s shareholders in accordance with Rule 14c-2 of Regulation 14C promulgated under the Securities Exchange Act of 1934, as amended (the “

Exchange Act

”) of the Information Statement (as defined below) (the “

Automatic Conversion Date

”). The Merger Preferred Shares will convert, on the Automatic Conversion Date, into an aggregate of 106,500,000 shares of PEDEVCO common stock (the “

Merger Conversion Shares

”).

The Mergers closed at the Effective Time on the Closing Date (the “ Closing”).

Representations and Warranties

Each of PEDEVCO, the Merger Subs and the Acquired Companies have, respectively, made representations and warranties to each other in the Merger Agreement. The representations and warranties made by each of PEDEVCO and the Acquired Companies relate to, among other topics, the following: (a) organization, general authority and standing; (b) capital structure; (c) subsidiaries and equity interests; (d) corporate authority to execute and deliver the Merger Agreement and the enforceability of the Merger Agreement; (e) the absence of conflicts with, or violations of, organizational documents and contracts; (f) the absence of consents relating to the execution, delivery and performance of the Merger Agreement or the Transactions; (g) the absence of undisclosed liabilities; (h) financial statements, disclosure controls and procedures and a system of internal control over financial reporting; (i) the accuracy of information supplied or to be supplied in the Information Statement; (j) the absence of certain changes or events; (k) taxes; (l) labor relations; (m) employee benefits; (n) title to properties; (o) oil and gas properties; (p) certain payment matters; (q) wells and equipment; (r) rights-of-way; (s) reserve report; (t) material contracts; (u) the absence of material litigation; (v) compliance with laws and permits; (w) environmental matters; (x) indebtedness; (y) material customers and material suppliers;