Presidio (EQV) LOI to buy Arkoma Basin assets for $80M; dividend target raised to $1.50

EQV Ventures Acquisition Corp.

Presidio enters LOI to acquire 56 producing wells (22.6 Mmcfe/d gross PDP) from Vortus for $80M; closing expected Q2 2026.
Acquisition expected to boost annual dividend to $1.50/share (from $1.35) post-business combination, subject to board approval.
Funding includes cash on hand, Goldman Sachs ABS facility, and $20M Presidio equity to seller; returns targeted >20%.
Non-redemption agreement with Fort Baker keeps 751,880 shares (~$8M) in trust; sponsor transfers 117,686 shares to Fort Baker.
Adage Capital commits $25M for Series B Preferred convertible into Presidio Class A common at closing of business combination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQV Ventures Acquisition Corp. entered into Series B Preferred Securities Purchase Agreement with Adage Capital Partners, L.P. valued at $25,000,000 (effective 2026-02-23).

Action: entry
Agreement: equity purchase
Counterparty: Adage Capital Partners, L.P.
Value: $25,000,000
Effective: 2026-02-23

Exact text from the filing

on February 23, 2026, EQV, Presidio and PIH entered into a Series B Preferred Securities Purchase Agreement (the “Securities Purchase Agreement”) with Adage Capital Partners, L.P., a shareholder of EQV (the “Preferred Investor”), pursuant to which

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EQV Ventures Acquisition Corp. entered into Non-Redemption Agreement with Fort Baker Capital Management LP (effective 2026-02-23).

Action: entry
Counterparty: Fort Baker Capital Management LP
Effective: 2026-02-23

Exact text from the filing

on February 23, 2026, EQV and EQV Ventures Sponsor LLC (the “Sponsor”) entered into a non-redemption agreement (the “Non-Redemption Agreement”) with Fort Baker Capital Management LP

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Source: SEC EDGAR

accession 0001213900-26-019602

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