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]
EQV Ventures Acquisition Corp. Completes Ticker Symbol Change to "FTW" to Reflect Proposed Business Combination with Presidio