secwatch.observer — SEC 8-K summary
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Issuer:     PRESIDIO PRODUCTION Co (FTW)
CIK:        0002083125
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001213900-26-025222
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 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
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2083125/000121390026025222/0001213900-26-025222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2083125/000121390026025222/ea0279617-8k_presidio.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-025222

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