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Fort Worth Oil and Gas Co. Set to Go Public in $660 Million SPAC Merger

UNITED STATES, AUG 5 – The $660 million merger creates a publicly traded company with a 13.5% dividend yield, focusing on mature oil and gas assets and stable cash flow in the U.S. midcontinent region.

Fort Worth-based oil and gas operator Presidio Investment Holdings is set to go public in a SPAC deal valued at $660 million. While the use of SPACs has decreased since a peak in 2021 over regulatory scrutiny, SPAC deals have been on the rise since the Trump administration took office.

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Bloomberg broke the news in United States on Tuesday, August 5, 2025.
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