m_and_a
confidence high
sentiment neutral
materiality 0.80
Presidio Production Company completes business combination with EQV Ventures; warrants updated to 11,887,469
PRESIDIO PRODUCTION Co
- On March 4, 2026, Presidio (f/k/a Presidio PubCo) closed its merger with EQV, becoming a publicly traded company on NYSE under FTW.
- PIPE financing of $87.5M (8.75M shares at $10.00) and Series A Preferred financing of $123.75M (125,000 shares) closed at the same time.
- Series B Preferred financing of $25M (27,173 convertible shares) also closed; warrants exercisable for shares at $0.01 per warrant.
- New $65M senior secured revolving credit facility (borrowing base $65M, max $500M) with Citizens Bank; matures in 4 years.
- 11,887,469 Presidio Warrants issued and outstanding, each exercisable for one share of Class A common stock at $11.50.