• PEDEVCO entered Second Amendment to its Amended and Restated Credit Agreement with Citibank as administrative agent on May 5, 2026.
• Changes adjust EBITDAX calculations used in covenant testing, raising cap on certain transaction cost add-backs to greater of USD 6 million or 5% of current USD 120 million borrowing base.
• Amendment shifts covenant test period methodology toward trailing 12-month EBITDAX through quarter ending Sept. 30, 2026.
• Next borrowing base redetermination set for about July 1, 2026, with semiannual resets thereafter.
• Reserve report timing revised, with next report due about June 1, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PEDEVCO Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-004632), on May 08, 2026, and is solely responsible for the information contained therein.