8-K/A
filed March 12, 2026, 7:59 PM ET
ticker FTW
CIK 0002083125
M&A
confidence high
sentiment neutral
materiality 0.80
PRESIDIO PRODUCTION Co (FTW): M&A transaction — 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.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
PRESIDIO PRODUCTION Co incurred revolving credit of $65.0 million initial borrowing base, aggregate maximum credit amounts of $500.0 million with Citizens Bank, N.A. at SOFR loans bear interest at Term SOFR plus an applicable margin ranging from 300 maturing four years from the effective date.
- Instrument
- revolving credit
- Principal
- $65.0 million initial borrowing base, aggregate maximum credit amounts of $500.0 million
- Counterparty
- Citizens Bank, N.A.
- Rate
- SOFR loans bear interest at Term SOFR plus an applicable margin ranging from 300
- Maturity
- four years from the effective date
- 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: 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
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 (the “Bylaws”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PRESIDIO PRODUCTION Co: Company ceased to be a shell company as a result of the Business Combination.
- Change
- shell status
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 a new code of business conduct and ethics (effective 2026-03-04).
- Change
- code of ethics
- Effective
- 2026-03-04
Exact text from the filing
In connection with the Business Combination, 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 (the “Code of Ethics”).
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 and Certificate of Designation for Series A and B Preferred Shares 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 (the “Bylaws”).
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 0.9
PRESIDIO PRODUCTION Co entered into Credit Agreement with Citizens Bank, N.A. valued at $65.0 million (effective 2026-03-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citizens Bank, N.A.
- 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
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