v3.26.3
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 A
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 income (loss)           (17,552)            
Balance at Mar. 31, 2025           (105,410)            
Balance at Dec. 31, 2024           (27,858)            
Net income (loss)             $ 6,920          
Balance at Jun. 30, 2025           (80,938)            
Balance at Mar. 31, 2025           (105,410)            
Capital distributions                      
Net income (loss)           24,472 24,472          
Balance at Jun. 30, 2025           (80,938)            
Balance at Dec. 31, 2025           (31,983) (31,983)          
Net income (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)          
Issuance of Class A and Class B common stock in settlement of PIH share-based compensation liability (in Shares)       1,717,391                
Balance at Jun. 30, 2026 $ 112,123 $ 24,701 $ 3       191,524 (32,166) 159,361 17,644 177,005
Balance (in Shares) at Jun. 30, 2026 125,375 27,173 27,686,745   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                      
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
Preferred dividends attributable to Series A redeemable preferred stock $ 375               (1,125) (1,125)   (1,125)
Net income (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              
Balance at Mar. 03, 2026   $ (103,322)   (13,085) (13,085) (13,085)
Balance (in Shares) at Mar. 03, 2026                
Net income (loss)                       (11,487)
Balance at Jun. 30, 2026 $ 112,123 $ 24,701 $ 3       191,524 (32,166) 159,361 17,644 177,005
Balance (in Shares) at Jun. 30, 2026 125,375 27,173 27,686,745   1,676,830              
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              
Share-based compensation               2,219   2,219   2,219
Class A dividends and dividend reinvestment program             375 (2,612) (2,237)   (2,237)
Class A dividends and dividend reinvestment program share     34,677                  
Dividends attributable to Preferred Investor Warrants                 (95) (95)   (95)
Preferred dividends attributable to Series B redeemable preferred stock                 (275) (275)   (275)
Paid-in-kind preferred dividends issued attributable to Series A redeemable preferred stock                    
Paid-in-kind preferred dividends issued attributable to Series A redeemable preferred stock (In Shares) 375                      
Preferred dividends attributable to Series A redeemable preferred stock $ 1,254               (3,761) (3,761)   (3,761)
Dividend equivalents on restricted stock units, net of forfeitures                 (219) (219)   (219)
Distributions to non-controlling interests                     (170) (170)
Net income (loss)                 14,425 14,425 1,054 15,479
Balance at Jun. 30, 2026 $ 112,123 $ 24,701 $ 3       $ 191,524 $ (32,166) $ 159,361 $ 17,644 $ 177,005
Balance (in Shares) at Jun. 30, 2026 125,375 27,173 27,686,745   1,676,830