Pedevco Corp. (NYSE: PED) director reports Series A preferred convertible into 33.7M shares
Rhea-AI Filing Summary
Pedevco Corp. (PED)10/31/2025. The filing shows indirect beneficial ownership of Series A Convertible Preferred Stock that is convertible into 33,727,280 shares of common stock. This preferred stock automatically converts into common stock on a 10-for-1 basis after a twenty-day period following distribution of an information statement to shareholders, which occurred on October 31, 2025. The securities are held of record by J PED, LLC, and the reporting person may be deemed to have voting and dispositive power through interests in Juniper Capital IV, L.P., while disclaiming beneficial ownership beyond any pecuniary interest.
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FAQ
What does this Form 3 filing for Pedevco Corp. (PED) disclose?
The filing discloses the initial beneficial ownership of a director of Pedevco Corp. (PED), including indirect interests in Series A Convertible Preferred Stock that can convert into 33,727,280 shares of common stock.
How many Pedevco (PED) common shares are underlying the reported derivative securities?
The Series A Convertible Preferred Stock reported in the filing is convertible into 33,727,280 shares of Pedevco common stock.
What is the conversion ratio of Pedevco's Series A Convertible Preferred Stock?
The Series A Convertible Preferred Stock automatically converts into Pedevco common stock at a 10-for-1 ratio on the Automatic Conversion Date.
When does the automatic conversion of Pedevco (PED) Series A Preferred Stock occur?
The automatic conversion occurs on the Automatic Conversion Date, which is the expiration of a twenty calendar day period starting when an information statement was distributed to shareholders; that distribution occurred on October 31, 2025.
How is the reporting person indirectly related to the Pedevco (PED) securities?
The securities are held of record by J PED, LLC. The reporting person may be deemed to have voting and dispositive power through its general partner interest in Juniper Capital IV, L.P., which owns 100% of J PED.
Does the reporting person claim full beneficial ownership of the Pedevco (PED) securities?
No. The reporting person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest in them.
What is the relationship of the reporting person to Pedevco Corp. (PED)?
The reporting person is identified as a director of Pedevco Corp. (PED) in the filing.