PEDEVCO Corp. Enters Material Definitive Agreement

TL;DR

PEDEVCO just signed a big deal, filing an 8-K today.

AI Summary

On December 20, 2024, PEDEVCO CORP. entered into a material definitive agreement. The company, formerly known as BLAST ENERGY SERVICES, INC. and VERDISYS INC, is incorporated in Texas and operates in the Crude Petroleum & Natural Gas sector.

Why It Matters

This filing indicates a significant new contract or partnership for PEDEVCO Corp., which could impact its future operations and financial performance in the oil and gas sector.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks and opportunities, the specifics of which are not detailed in this initial filing.

Key Numbers

• 001-35922 — SEC File Number (Identifies the company's filing history with the SEC.)
• 22-3755993 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• PEDEVCO CORP. (company) — Registrant
• December 20, 2024 (date) — Date of Report
• Texas (location) — State of Incorporation
• BLAST ENERGY SERVICES, INC. (company) — Former Company Name
• VERDISYS INC (company) — Former Company Name
• 575 N. Dairy Ashford, Suite 210 Houston, Texas 77079 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share PED NYSE Americ
• $8,000,000 — ssue and sell, from time to time, up to $8,000,000 of shares of common stock, par value $0
• $75,000 — gal counsel) in an amount not to exceed $75,000, in connection with entering into the S
• $5,000 — rterly basis in an amount not to exceed $5,000. The Sales Agreement contains customary

Filing Documents

• ped_8k.htm (8-K) — 34KB
• ped_ex11.htm (EX-1.1) — 207KB
• ped_ex51.htm (EX-5.1) — 14KB
• ped_ex51img2.jpg (GRAPHIC) — 19KB
• 0001654954-24-015824.txt ( ) — 459KB
• ped-20241220.xsd (EX-101.SCH) — 6KB
• ped-20241220_lab.xml (EX-101.LAB) — 14KB
• ped-20241220_cal.xml (EX-101.CAL) — 1KB
• ped-20241220_pre.xml (EX-101.PRE) — 9KB
• ped-20241220_def.xml (EX-101.DEF) — 2KB
• ped_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. At the Market Sales Agreement On December 20, 2024, PEDEVCO Corp. (the " Company " or " we " or " our ") entered into a Sales Agreement (the " Sales Agreement ") with Roth Capital Partners, LLC (the " Lead Agent "), and A.G.P./Alliance Global Partners (" AGP " and, together with the Lead Agent, the " Agents ") pursuant to which the Company may issue and sell, from time to time, up to $8,000,000 of shares of common stock, par value $0.001 per share (the " Common Stock "), through or to the Lead Agent, acting as agent or principal. The Company is not obligated to sell any shares of Common Stock under the Sales Agreement. Each time the Company wishes to issue and sell the Common Stock under the Sales Agreement, the Company will provide the Lead Agent with a placement notice describing the amount of Common Stock to be sold, the time period during which sales are requested to be made, any limitation on the amount of Common Stock that may be sold in any single day, any minimum price below which sales may not be made or any minimum price requested for sales in a given time period and any other instructions relevant to such requested sales. Subject to the terms and conditions of the Sales Agreement, the Lead Agent will use commercially reasonable efforts, consistent with its normal trading and sales practices and, applicable state and federal laws, rules and regulations and the rules of the NYSE American to sell shares of Common Stock under the terms and subject to the conditions of the placement notice and the Sales Agreement. We or the Lead Agent may suspend the offering of Common Stock pursuant to a placement notice upon notice and subject to other conditions. Generally, the Lead Agent may sell the shares of Common Stock by any method permitted by law deemed to be an " at the market offering " as defined by Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, including sales made directly on o

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of the Exhibit 1.1+ Sales Agreement, dated December 20, 2024 between PEDEVCO Corp., Roth Capital Partners, LLC and A.G.P./Alliance Global Partners 5.1* Opinion of The Loev Law Firm, PC 23.1* Consent of The Loev Law Firm, PC (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. + Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished supplementally to the Securities and Exchange Commission upon request; provided, however that the Company may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, for any schedule or exhibit so furnished. 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PEDEVCO CORP. Date: December 20, 2024 By: /s/ Dr. Simon G. Kukes Dr. Simon G. Kukes Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR