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Special Purpose Acquisition Company EQV Ventures to Merge With Presidio, Create Fort Worth-Based Oil Producer

Benzinga·09/08/2025 10:17:23
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EQV Ventures Acquisition Corp. (NYSE:EQV) ("EQV"), a special purpose acquisition company sponsored by EQV Group and 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, today announced the filing of a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") by Prometheus Pubco Inc. that will merge with PIH to form Presidio Production Company ("Presidio Production") following the consummation of the proposed business combination. 

The Registration Statement contains a preliminary proxy statement/prospectus in connection with the proposed business combination. While the Registration Statement has not yet become effective and the information therein is subject to change, it provides important information about EQV, Presidio Production, and PIH and the proposed business combination.

EQV entered into the business combination agreement with PIH and the other parties thereto on August 5, 2025. Following consummation of the proposed business combination, the combined company will be a US-domiciled, dividend-yield driven C Corp, and will be renamed "Presidio Production Company." Shares of Presidio Production are expected to be listed on the New York Stock Exchange under the ticker "FTW," reflecting PIH's roots in Fort Worth, Texas. Completion of the transaction is subject to approval by EQV's stockholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions and is expected to occur in the fourth quarter of 2025.