---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-003388"
form_type: "8-K"
ticker: null
cik: "0001863460"
company_name: "PHP Ventures Acquisition Corp."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:43:50.740452+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PHP Ventures reports 71% shareholder redemptions, extends business combination deadline to Aug 2023

## Summary
- Shareholders redeemed 4,067,250 shares (71% of IPO shares) following extension approval.
- Remaining trust account ~$17.46M; 1,682,760 Class A shares outstanding.
- Approved extension of deadline from Feb 16 to Aug 16, 2023 at $0.0625/share/month.
- Business combination with Modulex Modular Buildings Plc (UK) is ongoing.
- Trust amendment also approved to align with extension timeline.

## SEC filing metadata
- accession: 0001493152-23-003388
- form_type: 8-K
- cik: 0001863460
- company_name: PHP Ventures Acquisition Corp.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/0001493152-23-003388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003388
- JSON: https://secwatch.observer/filing/0001493152-23-003388.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003388.txt

## Key facts
- Governance Changes
  PHP Ventures Acquisition Corp.: Amended certificate of incorporation to extend business combination deadline from February 16, 2023 to up to August 16, 2023 with monthly extensions at $0.0625 per share (effective 2022-12-30).
  - Change: charter amendment
  - Effective: 2022-12-30
  source text: the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation giving the Company the right to extend the date by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “ Business Combination ”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s Class A common stock included as part of the units sold in the Company’s initial public offering that closed on August 16, 2021 (the “ IPO ”) from February 16, 2023 (the “ Termination Date ”) by up to six (6) one-month extensions to August 16, 2023 at a price of $0.0625 per share per month, commencing February 16, 2023, our current Termination Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/0001493152-23-003388-index.htm
- Shareholder Votes
  PHP Ventures Acquisition Corp. shareholders approved Trust Amendment Proposal - approve amendment to trust agreement.
  - Outcome: passed
  source text: The stockholders approved an amendment to the Investment Management Trust Agreement dated August 16, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/0001493152-23-003388-index.htm
- Shareholder Votes
  PHP Ventures Acquisition Corp. shareholders approved Extension Amendment Proposal - approve amendment to extend business combination deadline.
  - Proposal: merger approval
  - Outcome: passed
  source text: The stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to extend the date by which the Company must (i) consummate a merger
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/0001493152-23-003388-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.