Core Viewpoint - EQV Ventures Acquisition Corp. has received shareholder approval for its business combination with Presidio Investment Holdings LLC, a company focused on optimizing mature oil and gas assets in the U.S. [2][4] Company Overview - Presidio is headquartered in Fort Worth, TX, and operates mature oil and gas wells across the Mid-Continent, focusing on optimizing existing production and generating sustainable cash flow from low-decline, producing assets [5]. - EQV Ventures Acquisition Corp. is a special purpose acquisition company formed to merge with businesses, specifically in the oil and gas sector, and currently owns and operates over 3,500 wells across 10 states [7]. Transaction Details - The business combination is expected to close on or about March 4, 2026, with shares of the combined entity anticipated to trade on NYSE under the symbol "FTW" starting March 5, 2026 [3]. - Following the transaction's closing, Presidio plans to announce formal dividend timing details aligned with its shareholder return strategy, which emphasizes a capital-light platform with minimal reinvestment requirements [4].

Core Viewpoint - Presidio Investment Holdings LLC is set to acquire producing assets in the Arkoma Basin for $80 million, which is expected to enhance its annual dividend to $1.50 per share and generate levered returns exceeding 20% [1][2][3] Acquisition Details - The acquisition will be funded through cash on hand, a Goldman Sachs ABS Warehouse Facility, and approximately $20 million of Presidio equity provided to the seller [2] - The anticipated completion of the acquisition is expected in the second quarter of 2026, pending due diligence and board approval [2][10] Business Strategy - This acquisition is part of Presidio's strategy to grow as a public company by acquiring and optimizing mature oil and gas assets, aiming for ambitious returns [3][6] - The company focuses on low operating costs, minimal capital expenditures, and returning cash to shareholders, contrasting with traditional operators [6] Production and Financial Metrics - The acquisition includes 56 producing wells with a net production of approximately 22.6 million cubic feet equivalent per day (Mmcfe/d), consisting of 70% gas and 30% natural gas liquids (NGLs) [8] - The expected decline rate is 12%, with a projected year one free cash flow yield of 23% and net proved developed producing (PDP) reserves of approximately 100 billion cubic feet equivalent (Bcfe) [8] Management Insights - Management emphasizes the acquisition as a key step in their growth strategy, focusing on entering new basins for consolidation and optimization [7][9] - Vortus Investments, the seller, expresses confidence in Presidio's strategy and management team, indicating a long-term belief in the value of mature, producing assets [9]

Core Viewpoint - Presidio Investment Holdings LLC has engaged Goldman Sachs to arrange up to $1.0 billion in acquisition financing to support its strategy of acquiring and optimizing mature oil and gas assets in the U.S. following its business combination with EQV Ventures Acquisition Corp [1][2][3]. Financing Facility - Goldman Sachs is expected to act as the sole lead arranger for the $1.0 billion acquisition financing, which is subject to negotiation and execution of definitive agreements, future acquisitions, and customary closing conditions [2][9]. - The financing facility aims to provide Presidio with significant capital flexibility to pursue acquisitions, supporting the aggregation of assets before issuing long-term investment grade asset-backed securities [3][6]. Business Strategy - Presidio's strategy focuses on acquiring producing, cash-flowing assets and enhancing shareholder returns through operational optimization, leveraging modern oilfield practices and proprietary technology, including AI and machine learning [3][4]. - The company has a history of successfully using asset-backed securities (ABS) to fund oil and gas assets, which has led to significant capital inflows in the energy sector [4]. Business Combination Update - The business combination between EQV and Presidio was declared effective by the U.S. Securities and Exchange Commission on January 30, 2026, with a shareholder vote scheduled for February 27, 2026 [5][14]. - Upon closing, the combined entity is expected to trade on the New York Stock Exchange under the ticker symbol "FTW" [5]. Company Background - Presidio is headquartered in Fort Worth, TX, and specializes in optimizing existing production from mature oil and gas wells, focusing on generating sustainable cash flow from low-decline assets [7]. - EQV Ventures Acquisition Corp. is a blank check company formed to effect a merger or business combination, currently operating over 3,500 wells across 10 states [8].

Core Viewpoint - Presidio Investment Holdings LLC plans to initiate a dividend of $1.35 per share annually, paid quarterly, as part of its shareholder return strategy following its business combination with EQV Ventures Acquisition Corp [1][3][15]. Group 1: Dividend Strategy - The company aims to provide a clear and repeatable income proposition for public market investors, focusing on producing and acquiring oil and gas assets while maintaining low operating costs and minimal capital expenditures [2][5]. - The initial dividend policy is fixed at $1.35 per share per annum, with expectations for growth primarily through mergers and acquisitions (M&A) rather than increased drilling expenditures [3][4]. Group 2: Business Model Differentiation - Presidio's business model is distinct from traditional high-decline exploration and production (E&P) companies, emphasizing a capital-light approach with minimal reinvestment requirements, allowing for greater cash flow returns to shareholders [5][9]. - The company focuses on disciplined cash flow management and shareholder distributions, with growth driven through M&A rather than drilling [5][10]. Group 3: Acquisition Strategy - Presidio has a defined acquisition backlog targeting cash-flow-positive, long-life producing assets, with potential opportunities valued between $13 billion to $15 billion [6]. - The acquisition strategy is designed to drive dividend accretion while managing leverage to protect dividend sustainability [7][8]. Group 4: Market Positioning - The company positions itself as a 100% PDP-focused platform, emphasizing optimization and free cash flow durability, contrasting with drilling-led E&P companies that require ongoing capital programs [9][10]. - Presidio's investor presentation indicates a potential 13% dividend yield supported by stable, hedged cash flow and low reinvestment requirements, highlighting its differentiated model [10][11].

Core Viewpoint - EQV Ventures Acquisition Corp. and Presidio Investment Holdings LLC are moving forward with their business combination, with the registration statement declared effective by the SEC, and an extraordinary general meeting scheduled for February 27, 2026, to approve the merger [1][3][13]. Company Overview - EQV Ventures Acquisition Corp. is a special purpose acquisition company (SPAC) focused on merging with businesses, specifically in the oil and gas sector [8]. - Presidio Investment Holdings LLC operates in the oil and gas industry, concentrating on optimizing mature, producing oil and natural gas assets in the United States [1][7]. Business Combination Details - The extraordinary general meeting for shareholders to vote on the business combination is set for February 27, 2026, at 8:00 a.m. Central Time, to be held virtually [3]. - If approved, the combined entity will trade on the New York Stock Exchange under the ticker symbol "FTW" shortly after the meeting [3]. Financial Insights - Presidio has reported a backlog of potential acquisition targets amounting to $15 billion, which aligns with its investment criteria aimed at driving dividend growth [4]. - The company aims to return capital to shareholders at an attractive rate while executing its growth strategy [5]. Shareholder Engagement - EQV is urging all shareholders to complete and return their proxy cards to ensure their votes are counted in the upcoming extraordinary general meeting [5]. - Shareholders who do not receive the Proxy Statement/Prospectus are advised to confirm their status with their brokers or contact EQV's proxy solicitor for assistance [6].

Core Insights - Presidio Investment Holdings, LLC is set to merge with EQV Ventures Acquisition Corp, creating a new public entity named Presidio Production Company, which will focus on optimizing mature oil and gas assets in the U.S. [2][3] - The new board of directors for Presidio will consist of nine members, with at least five expected to be independent directors, bringing extensive experience in energy, corporate finance, and asset management [3][4] Company Overview - Presidio Investment Holdings, LLC operates primarily in the Mid-Continent region, focusing on mature oil and gas wells, aiming to optimize production and generate sustainable cash flow from low-decline assets [11] - EQV Ventures Acquisition Corp is a special purpose acquisition company formed to facilitate mergers and acquisitions, having completed 14 acquisitions and managing over 1,800 wells across 10 states [12] Board of Directors - Daniel C. Herz, the CEO of WhiteHawk Energy, will bring significant operational and financial expertise to the board [5] - Jerry Schretter has a strong background in energy investment banking, having served as Vice Chairman at Bank of America [7] - Jeffrey S. Serota, with over 30 years of experience in private equity and corporate governance, will contribute strategic investment insights [8] - Jimmy E. Vallee, an expert in M&A with over $100 billion in transaction experience, will enhance the board's advisory capabilities [9] - Ray N. Walker, Jr. has over 50 years in the oil and gas industry, previously serving as COO of Encino Energy [10]

Company Overview - Presidio Investment Holdings, LLC (PIH) is focused on optimizing mature oil and natural gas assets in the United States [1][3] - EQV Ventures Acquisition Corp. (EQV) is a special purpose acquisition company that aims to merge with businesses in the oil and gas sector [4] Business Combination - EQV entered into a business combination agreement with PIH on August 5, 2025, to form Presidio PubCo Inc., which will be renamed "Presidio Production Company" upon closing [2] - The transaction is subject to approval by EQV's stockholders and the effectiveness of the registration statement filed with the SEC [2] Market Position - Presidio Petroleum LLC operates mature oil and gas wells across the Mid-Continent, focusing on optimizing existing production and generating sustainable cash flow [3] - EQV Group, the sponsor of EQV, has completed 14 acquisitions and manages over 1,800 wells across 10 states [4] Upcoming Events - Members of the leadership teams from PIH and EQV will participate in TD Cowen's 2nd Annual Energy Conference on November 19, 2025, in New York, which will be webcasted [1]

Core Points - EQV Ventures Acquisition Corp. has changed its ticker symbol from "EQV" to "FTW" on the NYSE as part of its business combination with Presidio Investment Holdings, LLC [1][2] - The new entity, Presidio Production Company, will focus on stable dividend generation from cash flow derived from commodity price-hedged production of mature oil and gas wells [2][3] - Presidio Production aims to operate with minimal capital investment and zero reliance on future drilling, emphasizing substantial free cash flow [2] Company Overview - Presidio Petroleum LLC, based in Fort Worth, TX, specializes in optimizing production from mature oil and gas wells, focusing on generating sustainable cash flow from low-decline assets [5] - EQV Ventures Acquisition Corp. is a blank check company formed to facilitate mergers and acquisitions, with a history of managing over 1,800 wells across 10 states [6] Business Combination Details - The proposed business combination will result in Presidio Production's common stock and public warrants trading under the ticker symbols "FTW" and "FTW WS," respectively [3] - The business combination is expected to create a new public company with a differentiated model in the oil and gas sector, focusing on existing production rather than new drilling [2][3]

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]