Home / Restatements / PEDEVCO CORP

5/5PEDEVCO CORP (PED): Non-reliance / restatement

Filed 2025-10-29 路 Form 8-K 路 Accession 0001654954-25-012327 micro

Market data

Price before filing: $13.02 (2025-10-28 close, split/dividend-adjusted)
Market cap at flag: $58.9M (2025-10-29) 路 Latest: $182.1M (2026-10-16)

What happened next

WindowPEDSPYvs SPY
30 days-30.1%-0.5%-29.6%2025-11-28
90 days-3.4%+1.5%-4.9%2026-01-27
180 days+28.3%+4.7%+23.7%2026-04-27

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 4 insiders sold $81K (4 sales)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-10-29: red flag filed
2025-11-24Clark Moore
Executive VP
Sale58,333$0.46$27KyesForm 4
2025-11-24Crook Jody D.
CHIEF COMMERCIAL OFFICER
Sale34,314$0.46$16KyesForm 4
2025-11-24PINKSTON PAUL ANTHONY
CAO
Sale19,000$0.46$9KyesForm 4
2025-11-24Schick John Douglas
President and CEO, Director
Sale66,666$0.46$30KyesForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-07-31 to 2025-11-28. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"(the " Company "), after discussion with the Company's senior management and the Company's former independent registered public accounting firm, Marcum LLP (" Marcum "), which audited the Company's financial statements for the year ended December 31, 2024, concluded that the Company's previously issued audited financial statements included in the Company's audited consolidated financial statements as of and for the..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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