EQV Ventures Acquisition Corp. Material Event - Merger with Presidio Investment Holdings LLC

EQV Ventures Acquisition Corp. (EQV) has officially merged with Presidio Investment Holdings LLC (PIH), a leader in sustainable infrastructure technology solutions. This pivotal transaction transforms EQV from a "blank check" special purpose acquisition company (SPAC) into a publicly traded entity focused on PIH's innovative business.

The Core Event: A New Public Company Emerges

On February 27, 2026, EQV Ventures shareholders overwhelmingly approved the merger with Presidio Investment Holdings LLC. The transaction officially closed on March 4, 2026, making PIH, previously a private company, publicly traded.

Following the close, EQV Ventures reincorporated from the Cayman Islands to Delaware (a process known as 'domestication') and changed its name to Presidio MidCo Inc. The combined company will operate under the Presidio brand. Its Class A common stock and warrants will begin trading on the Nasdaq Global Market under the new ticker symbols "PSDO" and "PSDOW", respectively, starting March 5, 2026.

Why This Matters: Unlocking Growth in Sustainable Infrastructure

This merger fulfills EQV's mission to identify and combine with a high-growth private company. Presidio Investment Holdings LLC (PIH) operates in the rapidly expanding sustainable infrastructure technology sector, specializing in smart grid solutions, renewable energy integration, and advanced utility management systems. PIH's business model delivers critical technology and services that enhance efficiency, reliability, and sustainability for utility companies and large enterprises.

The transaction valued PIH at an enterprise value of approximately $500 million. PIH became a public company primarily to access capital markets, accelerating its growth initiatives such as expanding product offerings, entering new geographic markets, and pursuing strategic acquisitions.

Financial & Structural Impact on the Combined Company

The deal's financial structure and significant shareholder redemptions have shaped the combined company's capitalization:

• Redemptions: Shareholders redeemed a substantial 33.5 million Class A shares of EQV, opting for cash back at approximately $10.64 per share. This returned approximately $356.4 million to investors.
• Remaining Capital: After redemptions and transaction expenses, the combined company anticipates a pro forma cash balance of approximately $43.5 million for growth and operations. This represents a significant reduction from the capital initially expected without high redemptions.
• PIPE Investment: Institutional investors provided a Private Investment in Public Equity (PIPE) of $50 million at $10.00 per share, signaling external confidence in the deal.
• Pro Forma Valuation: The combined company's pro forma equity value is estimated at approximately $550 million, with about 55 million shares outstanding immediately post-merger.
• Ownership Structure: Existing PIH shareholders will own approximately 80% of the combined company. Former EQV public shareholders (non-redeeming) and PIPE investors will own the remaining 20%.
• Financial Performance: For fiscal year 2025, PIH reported approximately $120 million in revenue and $25 million in adjusted EBITDA. Management projects $150 million in revenue for 2026, driven by strong demand for its sustainable technology solutions.

Leadership and Future Strategy

PIH's experienced management team will lead the combined company, with the current PIH CEO continuing in that role. Presidio's strategy will focus on leveraging its proprietary technology to capture market share in the rapidly evolving sustainable infrastructure sector, driven by increasing global demand for energy efficiency and decarbonization. The public listing provides the necessary capital and visibility to execute this growth strategy.

Key Considerations for Investors

• Due Diligence is Crucial: Investors must thoroughly research Presidio Investment Holdings LLC's business, market, competitive landscape, and financial projections. The S-4 filing and proxy statement filed with the SEC offer detailed information.
• Reduced Capital for Growth: The high redemption rate leaves the combined company with less cash for growth initiatives than initially planned. While the PIPE provides some capital, investors should assess if the remaining funds sufficiently support PIH's ambitious growth strategy without requiring further financing.
• Market Volatility: SPAC mergers, particularly those with high redemptions, often experience significant stock price volatility immediately following closing.
• Industry-Specific Risks: Investing in Presidio exposes investors to risks inherent in the sustainable infrastructure technology sector, including technological obsolescence, intense competition, regulatory changes, and reliance on key customer contracts.
• Integration Risk: Successfully integrating EQV's public company infrastructure with PIH's operating business will be critical.

In summary, EQV Ventures has successfully transitioned into Presidio MidCo Inc., a public company focused on sustainable infrastructure technology. While the merger offers PIH a public platform and capital, the high redemption rate emphasizes the need for investors to deeply understand Presidio's business fundamentals and future prospects before making any investment decisions.