Pedevco Corp. (PED)

[KimoraCay]

PEDEVCO Files 8K - Changes In Control PEDFont size: A | A | A
4:37 PM ET 7/3/18 | Dow Jones
RELATED QUOTES


9:36 AM ET 7/9/18
Symbol Last % Chg
PED
1.74 -4.40%
Real time quote.

PEDEVCO Corp. (PED) filed a Form 8K - Changes in Company Control - with the U.S Securities and Exchange Commission on July 03, 2018.

As described above in Item 3.02 (which information is incorporated into this Item 5.01 in its entirety, by reference), on July 3, 2018, SK Energy converted the full amount of 66,625 outstanding shares of Series A Convertible Preferred Stock into 6,662,500 shares of the Company's common stock, which transaction constituted a change in control of the Company under applicable NYSE American rules and regulations. The shares of common stock issued upon conversion of the Series A Convertible Preferred Stock, together with the 600,000 shares of common stock issued to SK Energy in connection with its entry into a $7.7 million promissory note on June 25, 2017, totaled 49.9% of our currently outstanding shares of common stock. SK Energy is wholly-owned and controlled by Dr. Simon Kukes.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1141197/000165495418007316/ped_8k.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1141197/000165495418007316/0001654954-18-007316-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.