8-K
filed March 9, 2026, 7:59 PM ET
ticker FTW
CIK 0002083125
M&A
confidence high
sentiment positive
materiality 0.85
PRESIDIO PRODUCTION Co (FTW): M&A transaction — 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.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PRESIDIO PRODUCTION Co incurred revolving credit of $65.0 million with Citizens Bank, N.A. at Term SOFR plus an applicable margin ranging from 300 to 400 basis points maturing four years from the effective date thereof.
- Instrument
- revolving credit
- Principal
- $65.0 million
- Counterparty
- Citizens Bank, N.A.
- Rate
- Term SOFR plus an applicable margin ranging from 300 to 400 basis points
- Maturity
- four years from the effective date thereof
- Event
- incurrence
Exact text from the filing
On March 4, 2026, Presidio Borrower LLC, a wholly owned subsidiary of the Company (“Presidio Borrower”), entered into a senior secured revolving credit agreement (the “Credit Agreement”) among Presidio Borrower, as borrower, Citizens Bank, N.A., as administrative agent, and the lenders from time to time party thereto.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PRESIDIO PRODUCTION Co: Filed Certificate of Incorporation in connection with business combination (effective 2026-03-04).
- Change
- charter amendment
- Effective
- 2026-03-04
Exact text from the filing
On the Closing Date, in connection with the consummation of the Business Combination, the Company filed the Certificate of Incorporation with the Secretary of State of the State of Delaware and amended and restated the Company’s bylaws
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PRESIDIO PRODUCTION Co: Adopted new code of business conduct and ethics (effective 2026-03-04).
- Change
- code of ethics
- Effective
- 2026-03-04
Exact text from the filing
on March 4, 2026, the Board approved and adopted a new code of business conduct and ethics that applies to all of its directors, executive officers and other employees
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PRESIDIO PRODUCTION Co: Ceased to be a shell company upon closing of business combination (effective 2026-03-04).
- Change
- shell status
- Effective
- 2026-03-04
Exact text from the filing
As a result of the Business Combination, the Company ceased to be a shell company upon the Closing.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PRESIDIO PRODUCTION Co: Adopted amended and restated bylaws in connection with business combination (effective 2026-03-04).
- Change
- bylaw amendment
- Effective
- 2026-03-04
Exact text from the filing
the Company filed the Certificate of Incorporation with the Secretary of State of the State of Delaware and amended and restated the Company’s bylaws
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
PRESIDIO PRODUCTION Co completed an acquisition involving EQV Resources LLC (closed 2026-03-04).
- Action
- acquisition
- Counterparty
- EQV Resources LLC
- Closing
- 2026-03-04
Exact text from the filing
Also on the Closing Date, the Company acquired all of the issued and outstanding equity interests of EQV Resources LLC, a Delaware limited liability company (“EQVR”), via merger (the “EQVR Merger”)
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
PRESIDIO PRODUCTION Co underwent a change of control involving EQV Ventures Acquisition Corp. (closed 2026-03-04).
- Action
- change of control
- Counterparty
- EQV Ventures Acquisition Corp.
- Closing
- 2026-03-04
Exact text from the filing
On March 4, 2026 (the “Closing Date”), Presidio Production Company (f/k/a Presidio PubCo Inc.), a Delaware corporation (the “Company” or “Presidio”), consummated the previously announced business combination (the “Closing”) pursuant to the Business Combination Agreement, dated August 5, 2025 (the “Business Combination Agreement”), by and among EQV Ventures Acquisition Corp., a Cayman Islands exempted company (“EQV”), the Company, Prometheus PubCo Merger Sub Inc., a Delaware corporation a (“EQV Merger Sub”), Prometheus Holdings LLC, a Delaware limited liability company (“EQV Holdings”), Prometheus Merger Sub LLC, a Delaware limited liability company (“Presidio Merger Sub”), and Presidio Investment Holdings LLC, a Delaware limited liability company (“PIH”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.85
PRESIDIO PRODUCTION Co entered into A&R LLC Agreement with EQV Holdings.
- Action
- entry
- Counterparty
- EQV Holdings
Exact text from the filing
On the Closing Date, in connection with the Business Combination, EQV Holdings’ existing limited liability company agreement was amended and restated (the “A&R LLC Agreement”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
PRESIDIO PRODUCTION Co entered into Credit Agreement with Citizens Bank, N.A., as administrative agent, and the lenders from time to time party thereto valued at $65.0 million (effective 2026-03-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citizens Bank, N.A., as administrative agent, and the lenders from time to time party thereto
- Value
- $65.0 million
- Effective
- 2026-03-04
Exact text from the filing
On March 4, 2026, Presidio Borrower LLC, a wholly owned subsidiary of the Company (“Presidio Borrower”), entered into a senior secured revolving credit agreement (the “Credit Agreement”) among Presidio Borrower, as borrower, Citizens Bank, N.A., as administrative agent, and the lenders from time to time party thereto.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PRESIDIO PRODUCTION Co entered into Registration and Stockholders' Rights Agreement with EQVR Intermediate, certain equityholders of PIH, certain members of the Company’s management and the Sponsor (collectively, the "Registration Rights Parties"), EQV, EQV Holdings.
- Action
- entry
- Counterparty
- EQVR Intermediate, certain equityholders of PIH, certain members of the Company’s management and the Sponsor (collectively, the "Registration Rights Parties"), EQV, EQV Holdings
Exact text from the filing
On the Closing Date, in connection with the Business Combination, EQVR Intermediate, certain equityholders of PIH, certain members of the Company’s management and the Sponsor (collectively, the “Registration Rights Parties”), EQV, EQV Holdings, and the Company entered into a registration and stockholders’ rights agreement (the “Registration and Stockholders’ Rights Agreement”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PRESIDIO PRODUCTION Co entered into Warrant Agreement Amendment and Assignment with EQV and Continental Stock Transfer & Trust Company.
- Action
- entry
- Counterparty
- EQV and Continental Stock Transfer & Trust Company
Exact text from the filing
On the Closing Date, the Company entered into the Assignment, Assumption and Amendment Agreement (the “Warrant Agreement Amendment and Assignment”), by and among the Company, EQV and Continental Stock Transfer & Trust Company (“Continental”).
View on SEC.gov
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