PEDEVCO CORP 8-K

What Happened

• PEDEVCO Corp announced that its board approved a 1-for-20 reverse stock split of its common stock. The reverse split is expected to become effective at 12:01 AM ET on March 13, 2026, and shares are expected to begin trading on a post-split, post-name-change basis on the NYSE American at the open of trading on March 13, 2026. The company furnished a press release about the action as Exhibit 99.1 to its Form 8-K.

Key Details

• Reverse split ratio: 1-for-20 (one post-split share for every twenty pre-split shares).
• Effective time and trading: Effective 12:01 AM ET on March 13, 2026; trading post-split on NYSE American at market open March 13, 2026.
• Trading symbol and CUSIP: Trading symbol will remain "PED"; CUSIP will change to 70532Y402.
• Fractional shares: No fractional shares will be issued; holders entitled to fractions will receive a cash payment equal to the fractional share times the closing price on the NYSE American on the trading day immediately prior to the Effective Time.

Why It Matters

• A reverse split reduces the number of outstanding shares and increases the per-share price proportionally, which can affect share float, per-share metrics and how shares trade.
• Shareholders should note there will be no change to the ticker ("PED") but the company’s CUSIP will change, and fractional-share holders will receive cash in lieu based on the pre-split closing price.
• The filing contains the company’s standard forward-looking statement caution; investors can find more details in the press release and the company's SEC filings.