Eqv Ventures Acquisition Corp. SEC Filings

EQV Ventures Acquisition Corp. filed its quarterly report for the period ended September 30, 2025, detailing its SPAC status, pending merger plans, and liquidity position. The company entered a Business Combination Agreement on August 5, 2025 to merge into Presidio Production Company, expected to trade on the NYSE as “FTW.” It also lined up a PIPE financing for 8,750,000 shares at $10.00 per share for $87.5 million, and disclosed a Series A preferred investment of 125,000 preferred shares (stated value $1,000 each) plus warrants to buy 937,500 common shares for $123.75 million.

Funds in the trust account were $367.0 million, while cash outside the trust was $40,655 with a working capital deficit of $7,253,284. The company recorded a quarterly net loss of $3,036,568 as higher general and administrative costs ($6,877,248) offset interest earned on the trust ($4,029,558). For the nine months, net income was $2,946,985, primarily from trust interest. Management stated that liquidity constraints and the mandatory liquidation date of August 8, 2026 raise substantial doubt about the company’s ability to continue as a going concern if a business combination is not completed.

EQV Ventures Acquisition Corp. and Presidio Investment Holdings announced that leadership will join TD Cowen’s 2nd Annual Energy Conference on November 19, 2025 for a webcast fireside chat.

EQV entered a business combination agreement with PIH on August 5, 2025 to form Presidio PubCo Inc., expected to be renamed Presidio Production Company at closing. On November 3, 2025, EQV’s NYSE ticker changed from “EQV” to “FTW” in connection with the proposed deal. After closing, Presidio Production would be a U.S.-domiciled, dividend-yield driven C‑Corp with shares expected to list on the NYSE as “FTW”, subject to shareholder approval, the Form S‑4 being declared effective, and other customary conditions.

EQV Ventures Acquisition Corp. reported a ticker change on the NYSE effective November 3, 2025, in connection with its proposed business combination. The Class A ordinary shares moved from “EQV” to “FTW,” the units changed from “EQV U” to “FTW U,” and the public warrants shifted from “EQV WS” to “FTW WS.”

The company noted the ongoing Business Combination process with Presidio Investment Holdings LLC and related entities, and furnished a press release dated November 4, 2025, as Exhibit 99.1. This update reflects a branding step aligned with the contemplated transaction; it does not alter terms of the listed securities.

EQV Ventures Acquisition Corp. announced NYSE ticker symbol changes tied to its proposed business combination. The Class A ordinary shares will switch from EQV to FTW, the units from EQV U to FTW U, and the public warrants from EQV WS to FTW WS, effective at the opening of trading on Monday, November 3, 2025.

Upon closing of the Business Combination, PubCo’s common stock and public warrants are expected to trade on the NYSE under FTW and FTW WS. A Form S-4 Registration Statement for the transaction has been filed but has not yet been declared effective; the definitive proxy statement/prospectus will be mailed after effectiveness for the shareholder vote.

Fort Baker entities and Steven Patrick Pigott report ownership of 3,110,433 Class A ordinary shares of EQV Ventures Acquisition Corp., representing 8.7% of the outstanding Class A shares. The filing states Fort Baker Capital Management LP directly holds the shares, Fort Baker Capital, LLC serves as its general partner, and Mr. Pigott acts as Limited Partner and Chief Investment Officer. Each reporting person disclaims group membership and sole beneficial ownership except to the extent of their pecuniary interest. The percent calculation uses 35,822,500 Class A shares outstanding per EQV's May 7, 2025 report.

Polar Asset Management Partners Inc. reports beneficial ownership of 800,000 Class A ordinary shares of EQV, representing 2.2% of the class. The filing states Polar has sole voting and sole dispositive power over these shares and that the shares are held in the ordinary course of business on behalf of an advisory client.

The disclosure identifies the position as held by Polar in its capacity as an investment adviser to a managed fund and includes a certification that the holding was not acquired to change or influence control of the issuer.

EQV Ventures Acquisition Corp. is a blank-check company formed to complete a business combination, holding approximately $363.4 million in a trust account invested in short-term instruments. The company generated $7.81 million of interest income on trust investments in the six months ended June 30, 2025, producing a reported net income of $5.98 million for the period after general and administrative costs of $1.84 million.

Outside the trust, EQV had $925,722 in operating cash and a $599,255 working capital deficit, and has recognized that its mandatory liquidation date raises substantial doubt about going concern. The public Class A shares are redeemable at approximately $10.38 per share at June 30, 2025, and the company recorded Class A shares subject to possible redemption of about $363.25 million, leaving minimal funds for operations outside the trust. The company executed a Business Combination Agreement with related entities to acquire Presidio/Prometheus businesses and arranged PIPE and preferred financing commitments in connection with that proposed transaction.