v3.26.1
Condensed Consolidated Statements of Redeemable Preferred Stock and Stockholders’/Members’ Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Series A Redeemable
Successor
Preferred Stock
Series B Convertible Redeemable
Successor
Preferred Stock
Class A
Successor
Common Stock
Class B
Successor
Common Stock
Predecessor
Members’ Deficit
Predecessor
Successor
Additional Paid-In Capital
Successor
Accumulated Deficit
Successor
Total Stockholders’ Equity Attributable to Presidio Production Company
Successor
Non-controlling Interest
Successor
Balance at Dec. 31, 2024         $ (27,858)            
Capital distributions         (60,000)            
Net loss         (17,552) $ (17,552)          
Balance at Mar. 31, 2025         (105,410)            
Balance at Dec. 31, 2025         (31,983) (31,983)          
Net loss         (71,339) (71,339)          
Balance at Mar. 03, 2026 (103,322)   $ (13,085) $ (13,085) $ (13,085)
Balance (in Shares) at Mar. 03, 2026              
Balance at Dec. 31, 2025         (31,983) $ (31,983)          
Balance at Mar. 31, 2026 $ 110,869 $ 24,701 $ 3     188,930 (39,629) 149,304 16,760 166,064
Balance (in Shares) at Mar. 31, 2026 125,000 27,173 27,652,068 1,676,830              
Balance at Mar. 03, 2026 $ (103,322)   (13,085) (13,085) (13,085)
Balance (in Shares) at Mar. 03, 2026              
Conversion of Class A ordinary shares and Class B ordinary shares into Class A common stock     $ 1       15,084   15,085   15,085
Conversion of Class A ordinary shares and Class B ordinary shares into Class A common stock (in Shares)     7,794,445                
Reclassification of Class B ordinary shares subject to earnout arrangement           (14,896)   (14,896)   (14,896)
Reclassification of Class B ordinary shares subject to earnout arrangement (in Shares)     1,851,161                
Deferred tax effects of earnout arrangement             3,325   3,325   3,325
Issuance of equity consideration in Business Combination         18,749   18,749 10,925 29,674
Issuance of equity consideration in Business Combination (in Shares)     1,717,391 1,000,658              
Issuance of Class A and Class B common stock in settlement of PIH share-based compensation liability     $ 1     38,775   38,776 7,382 46,158
Issuance of Class A and Class B common stock in settlement of PIH share-based compensation liability (in Shares)     3,551,594 676,172              
Issuance of equity consideration in EQVR Acquisition           37,363   37,363   37,363
Issuance of equity consideration in EQVR Acquisition (in Shares)     3,422,260                
Issuance of Series A redeemable preferred stock and warrants, net of issuance costs and discounts $ 110,494           9,149   9,149   9,149
Issuance of Series A redeemable preferred stock and warrants, net of issuance costs and discounts (in Shares) 125,000                    
Preferred dividends attributable to Series A redeemable preferred stock $ 375             (1,125) (1,125)   (1,125)
Issuance of Series B convertible redeemable preferred stock, net of issuance costs and discounts   $ 24,701              
Issuance of Series B convertible redeemable preferred stock, net of issuance costs and discounts (in Shares)   27,173                  
Excise tax imposed on common stock redemptions             (1,303)   (1,303)   (1,303)
Issuance of Class A common stock in connection with PIPE financing, net of issuance costs     $ 1       82,250   82,251   82,251
Issuance of Class A common stock in connection with PIPE financing, net of issuance costs (in Shares)     9,315,217                
Share-based compensation             434   434   434
Net loss               (25,419) (25,419) (1,547) (26,966)
Balance at Mar. 31, 2026 $ 110,869 $ 24,701 $ 3     $ 188,930 $ (39,629) $ 149,304 $ 16,760 $ 166,064
Balance (in Shares) at Mar. 31, 2026 125,000 27,173 27,652,068 1,676,830