Company: PED
Filing Date: 2025-11-07
Form Type: SCHEDULE 13D
Source: 0001213900-25-107793
Chunk: 0

Company: PEDEVCO CORP
Filing Date: 2025-11-07
Form: SCHEDULE 13D
Chunk 0
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 The foregoing description of the A&R Bylaws does not purport to be complete and is qualified in its entirety by the full text of the A&R Bylaws, which is attached as an exhibit to this Schedule 13D and incorporated herein by reference.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 Pursuant to the Certificate of Designations, so long as any shares of Preferred Stock are outstanding, the Issuer will not and will cause its subsidiaries not to, without first obtaining the approval of the holders of a Majority in Interest, voting together as a single class, take certain corporate actions, including, among others: amend its certificate of formation, bylaws or the Certificate of Designations; increase or decrease the size of the board of directors; change the line of business or materially alter the nature of its operations; issue or redeem any equity or equity-linked securities; incur indebtedness above specified thresholds; enter into or consummate any merger, acquisition, disposition or other change-of-control transaction; make material capital expenditures or investments; engage in related-party transactions; or adopt a shareholder rights plan or similar arrangement, among other things.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Further, upon the terms and subject to the conditions set forth in the Merger Agreement, the Issuer agreed, as promptly as reasonably practicable following, and in any event within 10 business days following, the expiration of the 20-day period contemplated by Rule 14c-2(b) promulgated under the Exchange Act with respect to the Information Statement (but not prior to the occurrence of the Automatic Conversion), (i) to amend and restate its existing Amended and Restated Certificate of Formation (the "Existing Charter," and the Existing Charter, as so amended and restated, the "Second A&R Charter") substantially in the form of Exhibit D to the Merger Agreement to, among other things: remove references to a prior reverse stock split; update the number, names and addresses of initial directors; permit Juniper and its affiliates to pursue competing or overlapping ventures and expressly waive the Issuer's right to participate in such renounced business opportunities, except where opportunities arise solely from a director's role or rights under the Shareholder Agreement; provide for a supermajority (66 2/3%) voting requirement for altering specified provisions of the Second A&R Charter (including the provisions waiving corporate opportunities as discussed above); and revise applicable voting standards so that, unless otherwise required by law or the