EQV Ventures Acquisition Corp (NYSE:FTW) shareholders approved a business combination with Presidio Investment Holdings LLC, with closing expected on or about March 4, 2026.
The combined company is expected to begin trading on the NYSE under the symbol FTW on March 5, 2026. Presidio intends to announce dividend timing after closing and board approval, following a previously announced dividend framework prioritizing shareholder returns from a capital-light E&P model.
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Positive
- Shareholders approved the Presidio business combination
- Combined entity expected to list as FTW on March 5, 2026
- Presidio plans formal dividend timing aligned with its dividend framework
- Capital-light E&P model enabling greater cash returns to shareholders
Negative
- Closing is subject to satisfaction or waiver of all closing conditions
- Dividend timing and amounts remain unspecified pending board approval
- Form 8-K with voting details is forthcoming, pending SEC filing
Expected closing date
March 4, 2026
Targeted closing date for EQV–Presidio business combination
Listing date
March 5, 2026
Combined company shares expected to trade on NYSE as FTW
$10.46
Last Close
Volume
Volume 258,244 vs 20-day avg 56,068 (relative volume 4.61x) ahead of closing.
high
Technical
Price 10.455 trades above 200-day MA of 10.29 and 2.66% below 52-week high of 10.7412.
EQV gained 0.05% with elevated volume, while only one close SPAC peer (AAM) showed a small move (0.09%) and others were flat, pointing to a stock-specific reaction to the Presidio vote.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 22 | Positive | +0.1% |
Announced NYSE ticker change to FTW tied to Presidio combination. |
|
| Oct 07 | Positive | +0.1% |
Filed amendment to Form S-4 for proposed Presidio business combination. |
|
| Sep 08 | Positive | -0.1% |
Filed initial Form S-4 outlining Presidio Production merger at $660M EV. |
Acquisition-related announcements have historically produced small, generally positive moves, with one mild negative reaction despite constructive deal messaging.
Over the past months, EQV has issued several updates tied to its Presidio business combination. On Sep 8, 2025, it filed the initial Form S‑4 valuing Presidio Production at a $660 million pro forma enterprise value. An S‑4 amendment followed on Oct 7, 2025, and on Oct 22, 2025 EQV announced the ticker change to FTW. Market reactions to these acquisition headlines were modest (between -0.1% and +0.14%), suggesting the deal was largely anticipated before today’s shareholder approval update.
+0.1%
Average Historical Move
acquisition
Past acquisition headlines around the Presidio deal led to modest moves near 0.05%, indicating the market has generally priced in this transaction over time.
History shows a clear de-SPAC progression: initial S-4 filing, S-4 amendment, and ticker change, now culminating in shareholder approval and an anticipated March 2026 close.
This announcement confirmed shareholder approval of EQV’s business combination with Presidio and an expected closing on March 4, 2026, with the combined entity set to trade as FTW on the NYSE. It reinforces a dividend- and cash‑return focused model for a mature oil and gas asset base. Historically, similar acquisition updates around this deal have caused only modest price changes, so investors may focus on execution of the stated dividend framework and future acquisition discipline.
form 8-k
regulatory
“A Form 8-K disclosing the full voting results will be filed…”
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company’s value or stock price.
m&a
financial
“supported by a favorable M&A environment for purchasing non-core assets…”
M&A, short for mergers and acquisitions, involves one company combining with or purchasing another company to grow, streamline operations, or gain competitive advantages. For investors, M&A activity can signal potential for increased value, new opportunities, or changes in market dynamics, making it an important factor to watch in the business landscape.
e&p company
technical
“highlights Presidio’s differentiation as an E&P company with a capital-light platform…”
An E&P company is an exploration and production firm that searches for, develops and extracts oil and natural gas from underground or undersea deposits. Think of it as a prospector who finds fuel and the crew that builds the wells to get it out; its value to investors depends on how much fuel it can find and produce, the cost of doing that work, and swings in global oil and gas prices.
AI-generated analysis. Not financial advice.
Transaction expected to close on or about March 4, 2026
Fort Worth, TX, Feb. 27, 2026 (GLOBE NEWSWIRE) — EQV Ventures Acquisition Corp. (NYSE: FTW) (“EQV”), a special purpose acquisition company sponsored by EQV Group, is pleased to announce that in an extraordinary general meeting held today, EQV shareholders voted to approve the previously announced business combination with Presidio Investment Holdings LLC (“Presidio” or the “Company”), a differentiated oil and gas operator focused on the acquisition and optimization of mature, producing oil and natural gas assets in the United States. A Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission.
The closing of the business combination is expected to occur on or about March 4, 2026, subject to the satisfaction or waiver of all closing conditions, with shares of the combined entity expected to trade on NYSE under the symbol “FTW” on March 5, 2026.
Shortly following the closing of the Transaction and upon approval of the combined company Board of Directors, Presidio expects to provide formal dividend timing details aligned with its previously announced dividend framework and broader shareholder return strategy, which highlights Presidio’s differentiation as an E&P company with a capital-light platform with minimal reinvestment requirements, enabling a greater portion of cash flow to be returned directly to shareholders. The strategy is underpinned by accretive acquisitions, supported by a favorable M&A environment for purchasing non-core assets at attractive returns.
About Presidio
Headquartered in Fort Worth, TX, Presidio is a leading operator of mature oil and gas wells across the Mid-Continent. The Company is focused exclusively on optimizing existing production and generating sustainable cash flow from low-decline, producing assets.
Dividends are not guaranteed and may be adjusted, suspended, or discontinued at the discretion of the Board of Directors based on liquidity, legal surplus, business conditions, commodity price volatility, market conditions and other factors.
About EQV Ventures Acquisition Corp.
EQV is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. EQV’s sponsor is an affiliate of EQV Group, which was formed in 2022 and is an active acquirer and operator of proved developed producing oil and gas properties, and currently owns and operates more than 3,500 wells across 10 states.
Forward-Looking Statements
This press release includes “forward-looking statements.” These include EQV’s, Presidio Pubco Inc’s (“Pubco”), EQV Resources LLC’s (“EQVR”) or Presidio’s or their management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “potential,” “budget,” “may,” “will,” “could,” “should,” “continue” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Pubco’s, Presidio’s, EQVR’s and EQV’s expectations with respect to future performance, the timing and amount of any dividend payments; the ability to successfully complete acquisitions on attractive terms, or at all, the capitalization of EQV or Pubco after giving effect to the proposed Business Combination and expectations with respect to the future performance and the success of Pubco following the consummation of the proposed Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Pubco’s, Presidio’s, EQVR’s and EQV’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Pubco, Presidio, EQVR and EQV. These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; benefits from hedges and expected production; the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Pubco or the expected benefits of the proposed Business Combination; failure to realize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of Pubco to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Presidio or Pubco; risks related to Presidio’s current growth strategy; the occurrence of any event, change or other circumstances that could give rise to the termination of any definitive agreements with respect to the proposed Business Combination; the outcome of any legal proceedings that may be instituted against any of the parties to the potential Business Combination following its announcement and any definitive agreements with respect thereto; changes to the proposed structure of the proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed Business Combination; risks that Presidio or Pubco may not achieve their expectations; the ability to meet stock exchange listing standards following the proposed Business Combination; the risk that the proposed Business Combination disrupts the current plans and operations of Presidio; costs related to the potential Business Combination; changes in laws and regulations; risks related to the domestication of EQV as a Delaware corporation; risks related to Pubco’s ability to pay expected dividends; the extent of participation in rollover agreements; the amount of redemption requests made by EQV’s public equity holders; and the ability of EQV or Pubco to issue equity or equity-linked securities or issue debt securities or enter into debt financing arrangements in connection with the proposed Business Combination or in the future. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Presidio, EQV, EQVR or Pubco resulting from the proposed Business Combination with the SEC, including under the heading “Risk Factors” in the Registration Statement on Form S-4 filed by Presidio, EQVR and Presidio. If any of these risks materialize or any assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Pubco, Presidio, EQVR nor EQV presently know or that Pubco, Presidio, EQVR or EQV currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by investors as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
In addition, forward-looking statements reflect Pubco’s, Presidio’s, EQVR’s and EQV’s expectations, plans or forecasts of future events and views as of the date they are made. Pubco, Presidio, EQVR and EQV anticipate that subsequent events and developments will cause Pubco’s, Presidio’s, EQVR’s and EQV’s assessments to change. However, while Pubco, Presidio, EQVR and EQV may elect to update these forward-looking statements at some point in the future, Pubco, Presidio, EQVR and EQV specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Pubco’s, Presidio’s, EQVR’s or EQV’s assessments as of any date subsequent to the date they are made. Accordingly, undue reliance should not be placed upon the forward-looking statements. None of Pubco, Presidio, EQVR or EQV, or any of their respective affiliates have any obligation to update these forward-looking statements other than as required by law.
No Offer or Solicitation
This press release shall not constitute a solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of EQV, PIH, EQVR or Pubco, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. This press release is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.
Presidio Media and Investor Contact:
For EQV:
Source: EQV Ventures Acquisition Corp.
FAQ
When will EQV (FTW) and Presidio complete their business combination?
The closing is expected on or about March 4, 2026. According to EQV, completion remains subject to satisfaction or waiver of all closing conditions and customary closing steps.
When will the combined company trade under the symbol FTW?
Shares are expected to trade on the NYSE under FTW on March 5, 2026. According to EQV, trading follows the closing anticipated on or about March 4, 2026.
What dividend plans did Presidio announce after the EQV merger?
Presidio expects to provide formal dividend timing shortly after closing and board approval. According to Presidio, timing will align with its dividend framework and shareholder return strategy.
How does Presidio describe its business model after the combination with EQV?
Presidio describes a capital-light E&P platform with minimal reinvestment needs enabling higher cash returns. According to Presidio, this is supported by accretive acquisitions in a favorable M&A environment.
Will EQV file voting results from the shareholder meeting with the SEC?
Yes. EQV will file a Form 8-K disclosing the full voting results. According to EQV, the filing will report the shareholder vote that approved the business combination.