secwatch.observer — SEC 8-K summary
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Issuer:     PHP Ventures Acquisition Corp. (—)
CIK:        0001863460
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001493152-23-003388
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/0001493152-23-003388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863460/000149315223003388/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003388

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer