EQV Ventures Acquisition, a blank check company backed by EQV Group targeting the energy sector, filed on Friday with the SEC to raise up to $350 million in an initial public offering.
The Park City, UT-based company plans to raise $350 million by offering 35 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, EQV Ventures Acquisition would command a market value of $446 million.
The company is led by CEO and Director Jerry Silvey, the founder and CEO of EQV Group, a firm that seeks to acquire mature, long-life and low-decline upstream producing oil & gas assets and related midstream infrastructure within the overlooked basins of North America and Europe. The SPAC plans to target the energy sector, focusing on businesses involved in upstream exploration and production in North America and Europe.
EQV Ventures Acquisition was founded in 2024 and plans to list on the NYSE under the symbol EQVU. BTIG is the sole bookrunner on the deal.
