<SEC-DOCUMENT>0001654954-18-007183.txt : 20180629
<SEC-HEADER>0001654954-18-007183.hdr.sgml : 20180629
<ACCEPTANCE-DATETIME>20180629163159
ACCESSION NUMBER:		0001654954-18-007183
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180627
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180629
DATE AS OF CHANGE:		20180629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEDEVCO CORP
		CENTRAL INDEX KEY:			0001141197
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				223755993
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35922
		FILM NUMBER:		18929659

	BUSINESS ADDRESS:	
		STREET 1:		4125 BLACKHAWK PLAZA CIRCLE
		STREET 2:		SUITE 201
		CITY:			DANVILLE
		STATE:			CA
		ZIP:			94506
		BUSINESS PHONE:		855-733-3826

	MAIL ADDRESS:	
		STREET 1:		4125 BLACKHAWK PLAZA CIRCLE
		STREET 2:		SUITE 201
		CITY:			DANVILLE
		STATE:			CA
		ZIP:			94506

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLAST ENERGY SERVICES, INC.
		DATE OF NAME CHANGE:	20050610

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VERDISYS INC
		DATE OF NAME CHANGE:	20010523
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ped_8k.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF</font></div>
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THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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Date of Report (Date of Earliest Event
Reported):&#xA0;</font><font style="font-weight: bold; color: #000000">June 27,
2018</font></font></div>
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001-35922</font></div>
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(Commission file number)</font></div>
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PEDEVCO CORP.</font></div>
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Texas</font></div>
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22-3755993</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
4125 Blackhawk Plaza Circle, Suite 201</font></div>
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Danville, California 94506</font></div>
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&#xA0;(Address of principal executive offices)</font></div>
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(855) 733-3826</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Soliciting
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<font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
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<font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&#xA7;240.12b-2 of this
chapter).</font></div>
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Emerging growth company&#xA0;</font><font style="color: #000000">&#x2610;</font></font></div>
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.&#xA0;</font><font style="color: #000000">&#x2610;</font></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">As
previously disclosed in the Current Report on Form 8-K filed by
<font style="color: #000000">PEDEVCO Corp. (the
&#x201C;</font><font style="text-decoration: underline; color: #000000">Company</font><font style="color: #000000">&#x201D;,
&#x201C;</font><font style="text-decoration: underline; color: #000000">PEDEVCO</font><font style="color: #000000">&#x201D;,
&#x201C;</font><font style="text-decoration: underline; color: #000000">we</font><font style="color: #000000">&#x201D; and &#x201C;</font><font style="text-decoration: underline; color: #000000">us</font><font style="color: #000000">&#x201D;)&#xA0;on June 26, 2018, on June 25, 2018,
the Company filed with the Secretary of State of Texas,</font> an
Amendment to Amended and Restated Certificate of Designations of
PEDEVCO Corp. Establishing the Designations, Preferences,
Limitations and Relative Rights of Its Series A Convertible
Preferred Stock (the &#x201C;<font style="text-decoration: underline">Preferred Amendment</font>&#x201D;),
which amended the designation of the Company&#x2019;s Series A
Convertible Preferred Stock (the &#x201C;<font style="text-decoration: underline">Designation</font>&#x201D;) to remove
the beneficial ownership restriction contained therein, which
previously prevented any holder of Series A Convertible Preferred
Stock from converting such Series A Convertible Preferred Stock
into shares of common stock of the Company if such conversion would
result in the holder thereof holding more than 9.9% of the
Company&#x2019;s then outstanding common stock.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">On June
26, 2018, the Preferred Amendment was accepted for filing by, and
was officially filed with, the Secretary of State of Texas,
effective as of the same date.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Item
8.01 Other Events</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">On June
29, 2018, the Company announced that the NYSE American (the
&#x201C;<font style="text-decoration: underline">Exchange</font>&#x201D;) had notified
the Company that it had regained compliance with the NYSE American
continued listing standards.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Moving
forward, the Company will be subject to the Exchange&#x2019;s normal
continued listing monitoring. In addition, in the event that the
Company is again determined to be noncompliant with any of the
Exchange&#x2019;s continued listing standards within twelve (12)
months of the notice, the Exchange will consider the relationship
between the Company&#x2019;s previous noncompliance and such new
event of noncompliance and take appropriate action which may
include implementing truncated compliance procedures or immediately
initiating delisting proceedings.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">A copy
of the press release announcing these events is attached as
<font style="text-decoration: underline">Exhibit 99.1</font> to
this Current Report on Form 8-K and is hereby incorporated by
reference herein.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 9.01 Financial Statements and Exhibits.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
(d) Exhibits.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit No.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Description</font></div>
</td>
</tr><tr>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<td style="vertical-align: top; width: 7%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: rgb(0, 0, 0);"><a href="http://www.sec.gov/Archives/edgar/data/1141197/000165495418006988/ped_ex31.htm">
<font style="font-family: Times\ New\ Roman; font-size: 13px;">3.1</font></a></font></div>
</td>
<td style="vertical-align: middle; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 92%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Amendment
to Amended and Restated Certificate of Designations of PEDEVCO
Corp. Establishing the Designations, Preferences, Limitations and
Relative Rights of Its Series A Convertible Preferred Stock filed
with the Secretary of State of Texas on June 26, 2018 (incorporated
by reference to Exhibit 3.1 of the Current Report on Form 8-K filed
by the Company with the Securities and Exchange Commission on June
26, 2018)(File No.: 001-35922)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: rgb(0, 0, 0);"><a href="ped_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Press Release dated June 29, 2018</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">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 thereunto duly authorized.</font></div>
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<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PEDEVCO
CORP.</font></div>
</td>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">Date:&#xA0;&#xA0;June
29, 2018</font></div>
</td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-style: italic">Frank C. Ingriselli</font></font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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</td>
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<td style="width: 50%; vertical-align: top;">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Frank C.
Ingriselli</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">President
and&#xA0;Chief Executive Officer</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
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</div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXHIBIT INDEX</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit No.</font></div>
</td>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Description</font></div>
</td>
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<td style="vertical-align: top; width: 7%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<td style="vertical-align: top; width: 92%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<td style="vertical-align: top; width: 7%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="http://www.sec.gov/Archives/edgar/data/1141197/000165495418006988/ped_ex31.htm">
<font style="font-family: Times\ New\ Roman; font-size: 13px;">3.1</font></a></div>
</td>
<td style="vertical-align: middle; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 92%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Amendment
to Amended and Restated Certificate of Designations of PEDEVCO
Corp. Establishing the Designations, Preferences, Limitations and
Relative Rights of Its Series A Convertible Preferred Stock filed
with the Secretary of State of Texas on June 26, 2018 (incorporated
by reference to Exhibit 3.1 of the Current Report on Form 8-K filed
by the Company with the Securities and Exchange Commission on June
26, 2018)(File No.: 001-35922)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 7%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="ped_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
</td>
<td style="vertical-align: middle; width: 1%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 92%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Press Release dated June 29, 2018</font></div>
</td>
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</div>
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
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Pacific Energy Development Regains Compliance With NYSE American
Listing Standards</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">DANVILLE,
CA / ACCESSWIRE / June 29, 2018 / PEDEVCO Corp. d/b/a Pacific
Energy Development (NYSE American: PED) (the
&#x201C;Company&#x201D;), announced today that the Company has
regained compliance with the NYSE American LLC (the
&#x201C;Exchange&#x201D;) continued listing standards.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">As
previously reported by the Company in the Current Reports on Form
8-K filed with the Securities and Exchange Commission (SEC)
on:</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">December 30, 2016,
on December 27, 2016, the Company received notice from the Exchange
that the Company was not in compliance with Section 1003(a)(iii) of
the continued listing standards of the NYSE American Company Guide
(the &#x201C;Company Guide&#x201D;), which requires a listed company
to have stockholders&#x2019; equity of at least $6.0 million if it
has reported net losses in its five most recent fiscal years, since
the Company reported stockholders&#x2019; equity of less than
$6,000,000 at September 30, 2016 and had incurred net losses in its
five most recent fiscal years ended December 31, 2015;
and</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">(b)&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">May 9, 2017, on May
3, 2017, the Company received notice from the Exchange that the
Company was not in compliance with Sections 1003(a)(i), (ii) and
(iii) of the Company Guide, since it reported stockholders&#x2019;
equity of less than $2,000,000 at December 31, 2016 and had
incurred net losses in its five most recent fiscal years ended
December 31, 2016.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">As set
forth in the unaudited pro forma balance sheet of the Company filed
in the Current Report on Form 8-K filed with the SEC on June 26,
2018, the Company had pro forma stockholders&#x2019; equity of $23.7
million as of March 31, 2018, after adjustment for the recent
funding transaction and debt repayment transactions disclosed by
the Company in the Current Report on Form 8-K filed with the SEC on
June 26, 2018. In a letter dated March 22, 2018, the NYSE
Regulation notified the Company that it had successfully regained
compliance with the NYSE American continued listing
standards.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Effective
June 28, 2018, the &#x201C;.bc&#x201D; designation (signifying
non-compliance with NYSE American listing standards) was removed
from the Company&#x2019;s trading symbol. In addition, the Company
was removed from the list of NYSE American noncompliant issuers on
the Exchange&#x2019;s website.</font></div>
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About Pacific Energy Development (PEDEVCO Corp.)</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
PEDEVCO Corp, d/b/a Pacific Energy Development (NYSE American:
PED), is a publicly-traded energy company engaged in the
acquisition and development of strategic, high growth energy
projects, including shale oil and gas assets, in the United States.
The Company&#x2019;s principal asset is its D-J Basin Asset located
in the D-J Basin in Weld County, Colorado. Pacific Energy
Development is headquartered in Danville, California, with an
operations office in Houston, Texas.</font></div>
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Cautionary Statement Regarding Forward Looking
Statements</font></div>
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All statements in this press release that are not based on
historical fact are &#x201C;forward-looking statements&#x201D; within
the meaning of the Private Securities Litigation Reform Act of 1995
and the provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the &#x201C;Acts&#x201D;). In particular, when used in the
preceding discussion, the words &#x201C;estimates,&#x201D;
&#x201C;believes,&#x201D; &#x201C;hopes,&#x201D; &#x201C;expects,&#x201D;
&#x201C;intends,&#x201D; &#x201C;plans,&#x201D;
&#x201C;anticipates,&#x201D; or &#x201C;may,&#x201D; and similar
conditional expressions are intended to identify forward-looking
statements within the meaning of the Act, and are subject to the
safe harbor created by the Act. Any statements made in this news
release other than those of historical fact, about an action, event
or development, are forward-looking statements. While management
has based any forward-looking statements contained herein on its
current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a
number of risks, uncertainties, and other factors, many of which
are outside of the Company's control, that could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not necessarily
limited to, those set forth under Item 1A &#x201C;Risk
Factors&#x201D; in the Company's Annual Report on Form 10-K for the
year ended December 31, 2017 and subsequently filed Quarterly
Reports on Form 10-Q under the heading &#x201C;Risk Factors&#x201D;.
The Company operates in a highly competitive and rapidly changing
environment, thus new or unforeseen risks may arise. Accordingly,
investors should not place any reliance on forward-looking
statements as a prediction of actual results. The Company disclaims
any intention to, and undertakes no obligation to, update or revise
any forward-looking statements, except as otherwise required by
law, and also takes no obligation to update or correct information
prepared by third parties that are not paid for by the Company.
Readers are also urged to carefully review and consider the other
various disclosures in the Company's public filings with the
Securities Exchange Commission (SEC).</font></div>
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Contacts</font></div>
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Pacific Energy Development</font></div>
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1-855-733-3826</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
PR@pacificenergydevelopment.com</font></div>
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