EQV Ventures Acquisition Corp. has announced an update on its merger with Presidio, which will result in the formation of Presidio Production Company, to be listed on the New York Stock Exchange under the ticker "FTW." The transaction, which values Presidio at a pro forma enterprise value of approximately $660 million, aims to support Presidio's strategy of dividend accretive acquisitions. The financing involves agreements for approximately $85 million in common stock PIPE investments and $125 million of Perpetual Preferred Stock, alongside a $50 million reserve-based lending commitment from Citizens Bank, N.A. The transaction has received unanimous approval from both EQV and Presidio's boards and remains contingent on shareholder approval and customary closing conditions. Upon completion, the combined entity is expected to benefit from substantial liquidity to fuel its growth strategy.