Announcement • Mar 06

Presidio Petroleum LLC completed the acquisition of EQV Ventures Acquisition Corp. (NYSE:FTW) from a group of shareholders in a reverse merger transaction.

Presidio Petroleum LLC entered into a letter of intent to acquire EQV Ventures Acquisition Corp. (NYSE:FTW) from a group of shareholders in a reverse merger transaction on November 27, 2024. Presidio Petroleum LLC entered into a Business Combination Agreement to acquire EQV Ventures Acquisition Corp from a group of shareholders in a reverse merger transaction at an enterprise value of approximately $660 million on August 5, 2025. Pursuant to the Business Combination Agreement, (a) each then issued and outstanding Class A ordinary share of EQV, par value $0.0001 (the “Class A Shares”), will convert automatically, on a one -for-one basis, to a share of Class A common stock, par value $0.0001 per share, of EQV (“EQV Class A Common Stock”), (b) each issued and outstanding warrant to purchase one Class A ordinary share in the capital of EQV at a price of $11.50 per share (the “EQV public warrants”) will convert automatically, on a one -for-one basis, into a whole warrant exercisable for one share of EQV Class A Common Stock and (c) the name of EQV will be changed from “EQV Ventures Acquisition Corp.” to “Presidio MidCo Inc.” (the “Domestication”) Upon the closing of the business combination, EQV will be renamed Presidio Production Company and is expected to trade on the New York Stock Exchange under the ticker "FTW". The combined company will be named Presidio Production Company, will be led by Presidio's existing management team, including Will Ulrich and Chris Hammack as Co-CEOs. Presidio’s post-business combination Board of Directors will be comprised of nine members Daniel C. Herz, Compensation Committee Chair and Audit Committee member, Jerry Schretter, Audit Committee Chair, Jeffrey S. Serota, Nominating and Corporate Governance Committee Chair and Compensation Committee member, Ray N. Walker, Jr., Audit Committee member and Nominating and Corporate Governance Committee member. To finance the transaction, EQV has entered into agreements for approximately $85 million in common stock PIPE investments. The common stock PIPE is anchored by strategic and institutional investors, including a major oil and gas company. In addition, management and funds managed by Morgan Stanley Energy Partners will provide approximately $65 million of rollover equity. In connection with the transaction, EQV has also entered into agreements with Presidio and investors to issue, on a private placement basis, approximately $125 million of Perpetual Preferred Stock anchored by funds advised by JPMorgan Investment Management. Presidio has entered into a $50 million reserve-based lending commitment provided by Citizens Bank, N.A. to be funded upon closing. The transaction is subject to receipt of requisite approval for consummation of the Business Combination from EQV’s shareholders, approval of the EQV shares being issued in connection with the Business Combination for listing on the Securities Exchange, regulatory approval, effectiveness and continued effectiveness at the time of the Closing of the Registration Statement and the satisfaction of the Minimum Cash Condition, which requires that EQV, EQV Holdings, EQV Resources Intermediate LLC and PIH, in the aggregate, have at least $140,197,687 in available cash at Closing. The transaction was unanimously approved by the EQV and Presidio boards of directors. The expected transaction proceeds will be used for a $135 million equity buyout of existing Presidio equity holders, repayment of debt, hedge restriking, transaction expenses, and general corporate purposes. EQV filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission. On October 8, 2025, it was announced that the transaction is expected to occur in the fourth quarter of 2025, subject to customary closing conditions. As announced on October 22, 2025, EQV Ventures Acquisition Corp will change the ticker symbol on the New York Stock Exchange (NYSE) for its Class A ordinary shares from “EQV” to “FTW.” Additionally, the ticker symbols for its units and public warrants will change from “EQV U” to “FTW U” and from “EQV WS” to “FTW WS,” respectively. The ticker symbol changes will take place at the opening of trading on November 3, 2025. The ticker symbol of EQV Ventures Acquisition Corp. has changed its Class A ordinary shares on the New York Stock Exchange (NYSE) from "EQV" to "FTW." on November 3, 2025. In addition, the ticker symbols for its units and public warrants changed from “EQV U” to “FTW U” and from “EQV WS” to “FTW WS,” respectively. As of January 30, 2026, the U.S. Securities and Exchange Commission has declared the registration statement on Form S-4 effective. The transaction is expected to be completed in the first quarter of 2026. The merger is expected to be accretive, with plans to increase the dividend over time through acquisitions. As of February 27, 2026, target shareholders approved the combination, and closing is expected to occur on or about March 4, 2026. Cantor Fitzgerald & Co served as financial advisor to Presidio. TD Cowen served as financial advisor and lead capital markets advisor to EQV. BTIG, LLC also served as capital markets advisor to EQV. Citizens Bank, N.A. served as debt structuring advisor to Presidio. Joshua G. DuClos, Jeremy B. Pettit, Jocelyne E. Kelly, John W. Stribling, Daniel F. Allison, Quan Q. Lu, Angela T. Richards and Heather M. Palmer of Sidley Austin LLP acted as legal counsel to Presidio. The team of Kirkland & Ellis LLP led by William J. Benitez, Michael C. Cline, Julian J. Seiguer, P.C., Billy Vranish, David Wheat, P.C., Jon B. Nelsen, Lucas E. Spivey, P.C., James Andrew Bedotto, Albert Jou, Stephen M. Jacobson, P.C., Stephanie Jeane and Chad M. Smith acted as legal counsel to EQV. The team of Baker Botts L.L.P. led by Doug Getten, Andrew L. Schulte, Clay Brett, Marisa White, Alia Heintz, Clint Culpepper, Jon Lobb, Elizabeth Singleton, Jason Loden, Scott Nelson, Cynthia Washington and Paul Luther acted as legal counsel to EQV Resources, and Vinson & Elkins L.L.P. acted as legal counsel to TD Cowen. Brian Parness, Hillel N. Jacobson, Sarah C. Borden, Amanda Rotkel, Barbra J. Broudy, James R. Griffin, Jonathan J. Macke, Lyuba Goltser, Omar Samji, Steven Bentsianov and Stephanie Epstein Srulowitz of Weil, Gotshal & Manges LLP served as legal counsel to Presidio Management. King & Spalding LLP served as legal counsel to Cantor Fitzgerald & Co. Sodali & Co. acted as information agent to EQV and will receive a fee of $0.05 million. Continental Stock Transfer & Trust Company acted as transfer agent to EQV. Kroll, LLC (Duff & Phelps) acted as financial advisor to EQV Ventures and fairness opinion provider to its Special Committee. EQV agreed to pay Duff & Phelps a fee of $275,000, of which a portion was payable upon signing of the engagement letter, a portion was due upon delivery of the Opinion, $100,000 was payable upon Duff & Phelps informing EQV that it is prepared to deliver the Opinion, and $75,000 is payable upon disclosure of the Opinion in S-4 filing. Calvin White and Sunil Hosmane of Morgan Stanley Legal and Compliance acted as legal advisors to Presidio in the transaction. Altamira-us, Llc acted as due diligence provider to EQV. Presidio Petroleum LLC completed the acquisition of EQV Ventures Acquisition Corp. (NYSE:FTW) from a group of shareholders in a reverse merger transaction on March 5, 2026.

Announcement • Feb 09

Borealis Foods Inc. completed the acquisition of Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction.

Borealis Foods Inc. executed the LOI to acquire Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction on October 26, 2022. Borealis Foods Inc. entered into a definitive business combination agreement to acquire Oxus Acquisition Corp. from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others for approximately $120 million in a reverse merger transaction on February 23, 2023. In connection with the proposed transaction, the aggregate consideration to be paid to Borealis’ equity holders will be $150 million of rollover equity subject to adjustment. The transaction values Borealis at an enterprise value pre-money of $150 million. Under the proposed transaction terms, Borealis will combine with Oxus and become a publicly traded entity under its existing name. Upon closing of the proposed transaction, the Company will continue to be led by Borealis’ CEO and Co-Founder Reza Soltanzadeh, and Chairman and Co-Founder Barthelemy Helg. As of February 28, 2023, the extraordinary general meeting of shareholders of Oxus Acquisition on March 2, 2023. The Company’s board is expected to be comprised of seven directors, five of whom will be independent, consistent with the applicable NASDAQ listing rules. As of August 11, 2023, the business combination agreement was amended. Pursuant to the Business Combination Agreement, among other things: (a) the Company will domesticate and continue as a corporation existing under the laws of the province of Ontario, Canada (the “Continuance” and, the Company as the continuing entity, “New Oxus”); (b) on the closing date, Newco and Borealis will amalgamate in accordance with the terms of the plan of arrangement (the “Borealis Amalgamation” and Newco and Borealis as amalgamated, “Amalco”), with Amalco surviving the Borealis Amalgamation as a wholly-owned subsidiary of New Oxus; and (c) on the closing date, immediately following the Borealis Amalgamation, Amalco and New Oxus will amalgamate (the “New Oxus Amalgamation,” and together with the Continuance, the Borealis Amalgamation and other transactions contemplated by the Business Combination, the plan of arrangement and the ancillary agreements, the “Proposed Transaction”), with New Oxus surviving the New Oxus Amalgamation. In connection with the closing date (the “Closing”), Oxus and certain Borealis Shareholders and certain shareholders of Oxus (the “Holders”) will enter into an agreement, pursuant to which Oxus will be obligated to file a registration statement to register the resale of certain securities of Oxus held by the Holders. In the event the Business Combination deal does not occur Borealis could be obligated to pay a reverse termination fee of $5 million payable under certain circumstances. The transaction is subject to approval of the shareholders of both Oxus and Borealis, receipt of all required third -party consents by Borealis, after giving effect to the redemptions, Oxus has at least $5,000,001 of net tangible assets as required by its Articles, the amount of Closing Available Cash is at least $30 million, the registration statement on Form S -4 has been declared effective by the SEC, delivery of the audited consolidated balance sheet of Borealis as of December 31, 2021 and the audited consolidated balance sheet of Borealis as of December 31, 2022, and the related audited consolidated statements of income of Borealis for such years, All pre-closing approvals or clearances reasonably required under any applicable Antitrust Laws and FDI Laws, other than the ICA Approval, shall have been obtained, lock-up agreement, FIRPTA tax certificates, employment agreement, Borealis Foods closing Indebtedness shall not exceed $17 million, ICA approval, the satisfaction of customary closing conditions and approval by Nasdaq of the initial listing application in connection with the Business Combination. The boards of directors of Borealis and Oxus have each unanimously approved the proposed transaction. The transaction is expected to close during the third quarter of 2023. As of August 16, 2023, the proposed transaction is currently expected to be completed late in the fourth quarter of 2023. On September 2, 2021, Oxus Acquisition has engaged EarlyBirdCapital, lnc. and Sova Capital Limited as financial advisors in connection with a Business Combination to assist in holding meetings with its shareholders to discuss the potential Business Combination and the target business’ attributes, introduce the potential investors. Oxus Acquisition will pay EarlyBirdCapital and Sova Capital a cash fee for such services upon the consummation of a Business Combination of $5.3 million equal to 3.0% of the gross proceeds of Oxus’ IPO. Stephanie Stimpson and Adrienne DiPaolo of Torys LLP (Canada), Travers Thorp Alberga (Cayman Islands), and Alan I. Annex, Yuta N. Delarck, Jason Kislin and Michael Helsel of Greenberg Traurig, LLP acted as legal advisors to Oxus (US). Richard F. Langan and Christopher Keefe of Nixon Peabody LLP (US) and John Mercury and James McClary of Bennett Jones LLP (Canada) acted as legal advisors to Borealis. Herbert Smith Freehills LLP (HSF) as US counsel to conduct legal due diligence on Borealis. Scalar LLC and its affiliates are engaged by Oxus to render its opinion to the Oxus Board and Scalar received a fee of $150,000 from Oxus for providing its services and rendering its opinion. As a contingent arrangement, an additional fee up to $0.2 million is payable to Oxus Acquisition's legal counsel in the event of the completion of Business Combination. Continental Stock Transfer & Trust Company acted as transfer agent to Oxus Acquisition. Borealis Foods Inc. completed the acquisition of Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction on February 7, 2024. The Company will commence trading on the Nasdaq under the ticker "BRLS" and Company's warrants will also commence trading, on February 8, 2024 under the symbol "BRLSW.". On February 2, 2024, Oxus Acquisition Corp.'s shareholders approved the Business Combination Proposal. As a part of closing, the Company's Board of Directors is comprised of food industry and financial industry veterans, with specialties in branding, distribution, research and development, audit and investing and Oxus' Chief Executive Officer, Kanat Mynzhanov, will join the Company's Board of Directors.

Banks earnings growth	8.3%
Revenue growth rate	5.6%
Future return on equity	12.28%
Analyst coverage	Good
Last updated	07 May 2026

Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	33,880	9,009	N/A	N/A	14
12/31/2027	32,489	8,257	N/A	N/A	15
12/31/2026	31,019	7,161	N/A	N/A	15
3/31/2026	27,092	6,243	N/A	N/A	N/A
12/31/2025	26,818	6,175	-8,070	-6,211	N/A
9/30/2025	26,016	5,945	N/A	N/A	N/A
6/30/2025	25,654	6,052	-11,890	-10,316	N/A
3/31/2025	24,876	5,630	N/A	N/A	N/A
12/31/2024	24,250	5,316	-9,413	-7,839	N/A
9/30/2024	23,599	4,240	N/A	N/A	N/A
6/30/2024	23,251	3,950	8,228	9,946	N/A
3/31/2024	23,224	4,041	N/A	N/A	N/A
12/31/2023	23,497	4,274	4,313	6,031	N/A
9/30/2023	23,754	5,421	N/A	N/A	N/A
6/30/2023	23,499	5,659	4,111	5,857	N/A
3/31/2023	24,094	5,402	N/A	N/A	N/A
12/31/2022	23,736	5,023	2,136	3,882	N/A
9/30/2022	23,624	5,066	N/A	N/A	N/A
6/30/2022	23,400	4,928	2,738	4,458	N/A
3/31/2022	23,103	5,905	N/A	N/A	N/A
12/31/2021	22,593	6,205	8,802	10,522	N/A
9/30/2021	21,983	5,346	N/A	N/A	N/A
6/30/2021	21,220	4,583	5,978	7,302	N/A
3/31/2021	18,737	2,625	N/A	N/A	N/A
12/31/2020	16,945	1,526	-9,068	-7,744	N/A
9/30/2020	17,267	1,987	N/A	N/A	N/A
6/30/2020	17,754	1,084	6,536	8,329	N/A
3/31/2020	19,094	2,028	N/A	N/A	N/A
12/31/2019	19,730	2,461	N/A	-21,451	N/A
9/30/2019	19,472	1,766	N/A	N/A	N/A
6/30/2019	19,265	3,108	N/A	-32,703	N/A
3/31/2019	19,502	3,399	N/A	N/A	N/A
12/31/2018	19,668	1,597	N/A	-14,780	N/A
9/30/2018	19,869	366	N/A	N/A	N/A
6/30/2018	19,470	56	N/A	21,836	N/A
3/31/2018	18,701	-1,206	N/A	N/A	N/A
12/31/2017	18,927	587	N/A	55,473	N/A
9/30/2017	19,055	2,021	N/A	N/A	N/A
6/30/2017	19,890	1,642	N/A	-19,710	N/A
3/31/2017	20,516	2,215	N/A	N/A	N/A
12/31/2016	19,818	1,562	N/A	-31,695	N/A
9/30/2016	17,820	-1,242	N/A	N/A	N/A
6/30/2016	17,713	-1,064	N/A	52,308	N/A
3/31/2016	18,479	-691	N/A	N/A	N/A
12/31/2015	19,641	-626	N/A	46,633	N/A
9/30/2015	20,254	194	N/A	N/A	N/A
6/30/2015	21,102	185	N/A	2,782	N/A

Data	Last Updated (UTC time)
Company Analysis	2026/05/11 13:21
End of Day Share Price	2026/05/08 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
Jesús Gómez Dominguez	Banco Santander
Peter Richardson	Berenberg
Dirk Hoffmann-Becking	Bernstein

Barclays Future Growth

Future criteria checks 1/6

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