--- title: "EQV Ventures Supports Presidio Merger and Arkoma Expansion" type: "News" locale: "en" url: "https://longbridge.com/en/news/276749810.md" description: "EQV Ventures Acquisition Corp. has entered a non-redemption agreement with Fort Baker Capital Management to support its merger with Presidio and an $80 million acquisition of Arkoma Basin assets. The agreement aims to preserve cash in EQV's trust account, while a $25 million private placement from Adage Capital Partners strengthens the capital structure for the merger. The SEC has approved the registration statement for Presidio PubCo Inc., allowing EQV to proceed with a shareholder vote. The merger and acquisition are expected to enhance Presidio's growth strategy and dividend potential." datetime: "2026-02-24T14:19:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276749810.md) - [en](https://longbridge.com/en/news/276749810.md) - [zh-HK](https://longbridge.com/zh-HK/news/276749810.md) generator: "portal-rs" --- # EQV Ventures Supports Presidio Merger and Arkoma Expansion ### Claim 50% Off TipRanks Premium - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential The latest announcement is out from EQV Ventures Acquisition ( (FTW) ). On February 23, 2026, EQV Ventures Acquisition Corp. and its sponsor entered a non-redemption agreement with Fort Baker Capital Management, under which Fort Baker agreed not to redeem up to 751,880 EQV Class A shares in connection with EQV’s upcoming shareholder meeting to approve its business combination. In return, EQV’s sponsor will transfer up to 117,686 Class A shares to Fort Baker, a move expected to preserve more cash in EQV’s trust account at closing and bolster funding for the proposed merger. Also on February 23, 2026, EQV, Presidio and PIH signed a Series B Preferred Securities Purchase Agreement with Adage Capital Partners for a $25 million private placement of Presidio’s convertible preferred stock tied to the business combination. The preferred financing, together with the non-redemption pact and earlier capital commitments, underpins the capital structure for the Presidio–EQV deal and signals institutional investor support as the parties move toward closing their merger and related transactions. On February 24, 2026, EQV and PIH disclosed that Presidio entered a letter of intent to buy $80 million of producing Arkoma Basin assets from companies controlled by Vortus Investments, potentially closing in the second quarter of 2026. The transaction, which Presidio plans to fund with cash, an ABS warehouse facility and equity, would extend Presidio’s footprint into an adjacent basin, support its acquisition-led growth strategy and position the future public company to raise its annual dividend target, subject to board approval. The Arkoma acquisition is expected to deliver low-decline, gas-weighted production and strong free cash flow, with 56 producing wells, about 22.6 Mmcfe/d of net output and roughly 100 Bcfe of reserves, reinforcing Presidio’s model of hedged, yield-focused operations. A partnership with Vortus portfolio company Alchemist Energy on assets with both producing and undeveloped potential further broadens Presidio’s opportunity set, aligning long-term private equity backing with Presidio’s consolidation and cash-return strategy. The business combination advanced procedurally when the SEC declared effective the registration statement for Presidio PubCo Inc. on January 30, 2026, enabling EQV to commence mailing its proxy and schedule a February 27, 2026 shareholder vote. With approximately $372 million currently in EQV’s trust account before redemptions and more than $236 million of prior financing commitments, the combined capital measures are designed to ensure ample liquidity for closing the merger and funding Presidio’s acquisition and dividend ambitions. **More about EQV Ventures Acquisition** Presidio Investment Holdings is a differentiated U.S. oil and gas operator headquartered in Fort Worth, Texas, focused on acquiring and optimizing mature, low-decline, producing oil and natural gas assets across the Mid-Continent. EQV Ventures Acquisition Corp. is a Cayman Islands-incorporated special purpose acquisition company sponsored by an affiliate of EQV Group, which actively acquires and operates proved developed producing oil and gas properties in the United States. Vortus Investments is a Fort Worth-based private equity firm targeting lower- and middle-market upstream energy opportunities in North America, while Alchemist Energy, a Vortus portfolio company, concentrates on drilling and developing new wells, positioning it as a complementary partner to Presidio’s production-focused model. EQV’s sponsor and institutional investors back a broader strategy to combine EQV with Presidio via a business combination, creating a public platform designed to generate stable, hedge-protected cash flows and dividends from mature upstream energy assets, alongside selective growth through acquisitions and basin expansion. **Average Trading Volume:** 66,795 **Technical Sentiment Signal:** Strong Buy **Current Market Cap:** $471.8M Learn more about FTW stock on TipRanks’ Stock Analysis page. ### Related Stocks - [FTW.US](https://longbridge.com/en/quote/FTW.US.md) - [EQV.US](https://longbridge.com/en/quote/EQV.US.md) ## Related News & Research - [Presidio Production membukukan laba bersih 2Q FY26 USD 14,4 juta; revenue USD 54 juta](https://longbridge.com/en/news/295572816.md) - [Presidio Production publishes investor presentation outlining dividend, acquisition strategy and AI-driven production uplift plan](https://longbridge.com/en/news/290104652.md) - [Presidio Production to Acquire Oklahoma Oil & Gas Assets for ~$83M in Cash and Stock](https://longbridge.com/en/news/286398486.md) - [Presidio Announces $350 Million Investment Grade ABS Refinancing | FTW Stock News](https://longbridge.com/en/news/289243911.md) - [Presidio Production Company Announces First Quarter 2026 Results and Launch of AI-Focused Asset Intelligence Group | FTW Stock News](https://longbridge.com/en/news/286481181.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**