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]
EQV Ventures Acquisition Corp. and Presidio Petroleum LLC Announce Filing of Registration Statement on Form S-4 with the SEC