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FORT WORTH - EQV Ventures Acquisition Corp. (NYSE:EQV), currently trading at $10.37 with a market capitalization of $462 million, announced Monday the filing of a registration statement on Form S-4 with the SEC for its planned business combination with Presidio Investment Holdings, LLC. According to InvestingPro data, EQV’s stock has demonstrated low price volatility, trading near its 52-week high of $10.74.
The filing, made by Prometheus Pubco Inc., contains a preliminary proxy statement/prospectus related to the transaction initially agreed upon on August 5, 2025. Following the completion of the deal, the combined entity will be renamed Presidio Production Company and is expected to list on the New York Stock Exchange under the ticker "FTW."
The transaction values Presidio Production at a pro forma enterprise value of approximately $660 million, representing a discount to combined proved developed PV-10 value. The business combination is anticipated to close in the fourth quarter of 2025, subject to EQV stockholder approval, SEC effectiveness of the registration statement, and other customary closing conditions. EQV maintains strong financial health with a current ratio of 1.51, indicating sufficient liquidity to meet short-term obligations.
Presidio Investment Holdings is an oil and gas operator focused on optimizing mature, producing assets in the United States. The company’s business model emphasizes zero reliance on future drilling, minimal capital investment, and free cash flow generation.
Following the transaction, Presidio Production plans to acquire complementary Texas Panhandle assets from EQV Resources LLC, which is not reflected in the pro forma financial statements included in the registration statement.
The combined company will operate as a US-domiciled, dividend-yield driven C Corporation. The ticker symbol "FTW" reflects Presidio’s roots in Fort Worth, Texas, according to the press release statement.
Both companies cautioned that the registration statement has not yet become effective and the information contained therein is subject to change. For deeper insights into EQV’s financial metrics and additional ProTips, investors can access comprehensive analysis through InvestingPro’s advanced analytics platform.
In other recent news, Presidio Investment Holdings and EQV Ventures Acquisition Corp. announced a definitive business combination agreement, which will result in Presidio going public on the New York Stock Exchange. This merger values the combined entity at approximately $660 million and aims to establish a dividend-focused oil and gas operator. The company will operate under the ticker "FTW" and is set to offer a 13.5% dividend yield, focusing on stable production assets in Texas, Oklahoma, and Kansas. In a separate development, EQV Ventures Acquisition Corp. II completed its initial public offering and private placement, raising $460 million. The company issued 46 million units at $10.00 per unit, including an over-allotment option exercised by underwriters. Additionally, EQV Ventures Sponsor II LLC and BTIG, LLC acquired 787,857 units in a private placement. These recent developments highlight significant financial activities involving EQV Ventures and its associated entities.
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