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