---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-025222"
form_type: "8-K"
ticker: "FTW"
cik: "0002083125"
company_name: "PRESIDIO PRODUCTION Co"
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:17:29.771003+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-025222
- form_type: 8-K
- ticker: FTW
- cik: 0002083125
- company_name: PRESIDIO PRODUCTION Co
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 3.02, 4.01, 9.01, 2.03, 3.01, 3.03, 5.01, 5.03, 5.05, 5.06, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2083125/000121390026025222/0001213900-26-025222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2083125/000121390026025222/ea0279617-8k_presidio.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-025222
- JSON: https://secwatch.observer/filing/0001213900-26-025222.json
- Plain text: https://secwatch.observer/filing/0001213900-26-025222.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.