Research Analyst-hosted Fireside Chat to be webcasted on November 19th Fort Worth, TX, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Presidio Investment Holdings, LLC (“PIH”), a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States, and EQV Ventures Acquisition Corp. (NYSE: FTW) (“EQV”), a special purpose acquisition company sponsored by EQV Group, an experienced acquirer and producer of oil and gas, announced today that members of its leade ...

Fort Worth, TX, Nov. 04, 2025 (GLOBE NEWSWIRE) -- EQV Ventures Acquisition Corp. (NYSE: FTW; FTW U; FTW WS) ("EQV"), a special purpose acquisition company sponsored by EQV Group, today announced that it has changed the ticker symbol of its Class A ordinary shares on the New York Stock Exchange (NYSE) from "EQV" to "FTW." In addition, the ticker symbols for its units and public warrants have changed from "EQV U" to "FTW U" and from "EQV WS" to "FTW WS," respectively. The ticker symbol changes took place at t ...

Core Points - EQV Ventures Acquisition Corp. will change its ticker symbol from "EQV" to "FTW" on the NYSE, effective November 3, 2025, as part of its business combination with Presidio Investment Holdings, LLC [1][2][5] - The new entity, Presidio Production Company, will focus on stable, dividend-yielding operations backed by cash flow from mature oil and gas wells, with no reliance on future drilling [2][5] - The transition to the new ticker symbol is intended to minimize disruption for shareholders and reflects confidence in Presidio's operational strategy [3][4] Company Overview - Presidio Petroleum LLC, based in Fort Worth, TX, operates mature oil and gas wells and aims to optimize existing production for sustainable cash flow [7] - EQV Ventures Acquisition Corp. is a blank check company formed to facilitate mergers and acquisitions, with a focus on acquiring producing reserves [7] Business Combination Details - The proposed business combination will result in Presidio Production's common stock and public warrants trading under the new ticker symbols "FTW" and "FTW WS," respectively [5] - Following the merger, EQV's securities will cease trading on the NYSE [5]

Company Overview - EQV Ventures Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by EQV Group, focused on merging with businesses in the oil and gas sector [6] - Presidio Investment Holdings, LLC is a differentiated oil and gas operator that optimizes mature, producing oil and natural gas assets in the United States [1][5] Business Combination Details - EQV and PIH have announced a proposed business combination, with Presidio PubCo Inc. (formerly Prometheus PubCo Inc.) set to become the ongoing public company, renamed Presidio Production Company [2][3] - The business combination agreement was entered into on August 5, 2025, and is expected to close in the fourth quarter of 2025, pending stockholder approval and SEC effectiveness [3][4] Financial Aspects - The transaction values Presidio Production at a pro forma enterprise value of approximately $660 million, which is a discount to the combined proved developed PV-10 value [4] - Presidio Production will operate as a US-domiciled, dividend-yield driven C Corporation, with shares expected to be listed on the New York Stock Exchange under the ticker "FTW" [3][4] Market Context - The entry of Presidio Production into the public markets coincides with a shift in the energy sector from capital-intensive shale operations to a focus on returns, emphasizing a model with zero reliance on future drilling and minimal capital investment [4]

Company Overview - EQV Ventures Acquisition Corp. is a special purpose acquisition company that has entered into a business combination agreement with Presidio Investment Holdings, LLC to form Presidio Production Company [1][3] - Presidio Petroleum LLC, the operator of mature oil and gas wells, focuses on optimizing existing production and generating sustainable cash flow from low-decline, producing assets [5] Business Combination Details - The proposed business combination will result in a US-domiciled, dividend-yield driven C Corp named "Presidio Production Company," with shares expected to be listed on the NYSE under the ticker "FTW" [3] - The transaction values Presidio Production at a pro forma enterprise value of approximately $660 million, which represents a discount to the combined proved developed PV-10 value [4] Market Context - The entry of Presidio Production into the public markets occurs during a transition in the energy sector, moving from a capital-intensive shale era to a focus on disciplined returns [4] - Presidio Production's business model is characterized by zero reliance on future drilling, minimal capital investment, and substantial free cash flow, distinguishing it from traditional operators [4]

Core Viewpoint - Presidio Investment Holdings, LLC and EQV Ventures Acquisition Corp. have announced a definitive business combination agreement, leading to Presidio becoming a publicly listed company with an estimated post-transaction enterprise value of approximately $660 million [1][10]. Company Overview - The combined entity will be named Presidio Production Company and will be led by the existing management team, including Co-CEOs Will Ulrich and Chris Hammack [2]. - Presidio focuses on optimizing mature oil and gas assets in the U.S., with a strategy of acquiring under-managed wells and enhancing production through technology [5][16]. Financial Highlights - The transaction is expected to create a stable dividend, with an anticipated annual common dividend of $1.35 per share, reflecting a 13.5% expected yield at a $10.00 share price [7]. - Presidio's expected net production for 2025 is 26 Mboe/d, with a low base decline rate of 8% compared to a 24% peer average [7][13]. - The financing for the transaction includes approximately $970 million, with significant contributions from existing equity holders, PIPE investments, and preferred equity [7][11]. Strategic Positioning - Presidio's entry into public markets aligns with a shift in the energy sector towards capital discipline and return-focused operations, minimizing reliance on future drilling and capital investment [4][6]. - The company plans to leverage technology such as automation and AI to optimize production and enhance cash flow from its mature asset base [3][8]. Management Commentary - Management emphasizes the goal of being a leading steward of U.S. oil and gas wells, focusing on a yield-driven model and accretive acquisitions [6][9]. - The management team believes that their track record in acquisitions and cost optimization positions them as a strong consolidator of mature assets in the industry [8].