Presidio Production Company closes SPAC merger with EQV Ventures, raises ~$236M in PIPE and preferred financing

PRESIDIO PRODUCTION Co

Closed business combination with EQV Ventures Acquisition Corp.; Presidio Class A common stock and warrants now trade on NYSE under FTW and FTW WS.
Issued 8.75M shares at $10 each in PIPE financing for $87.5M; 125,000 Series A perpetual preferred shares for $123.75M net; 27,173 Series B convertible preferred shares for $25M.
Entered $65M senior secured revolving credit facility (initial borrowing base $65M, aggregate max $500M), maturing in 4 years.
Up-C structure: Presidio holds equity in Prometheus Holdings LLC; equityholders can exchange units for Class A common stock or cash.
Non-redemption agreement with Fort Baker retained ~$7.5M in trust; 117,686 Class A shares assigned from sponsor.

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Source: SEC EDGAR

accession 0001213900-26-025222

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