PHP Ventures Acquisition Corp.: Nasdaq/NYSE listing notice — PHP Ventures receives Nasdaq deficiency notices for low MVLS and unpaid fees

PHP Ventures Acquisition Corp.

MVLS below $35M for 30 consecutive days; 180-day compliance period ends Oct 16, 2023.
Also received delinquency letter for unpaid Nasdaq fees; intends to appeal by Apr 27, 2023.
Company states business operations unaffected but faces delisting risk if non-compliance continues.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

PHP Ventures Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5250(f)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5250(f)

Exact text from the filing

April 20, 2023, the Company received a notice (the “Delinquency Letter”) from NASDAQ indicating that the Company has not paid certain fees (the “Delinquency Fees”) as required for compliance under NASDAQ Listing Rule 5250(f). Pursuant to the Delinquency Letter, the Company anticipates that it will request an appeal of this determination by April 27, 2023, pay the associated hearing request fee, and pay any Delinquency Fees that are due, after which the Company believes it will be in compliance with the applicable NASDAQ continued listing requirements. SIGNATURES Pursuant to the requirements of

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

PHP Ventures Acquisition Corp. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

April 17, 2023, PHP Ventures Acquisition Corp., a Delaware Corporation (the “Company”), received written notice (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company’s Market Value of Listed Securities (MVLS) for the last 30 consecutive business days (from March 6, 2023 to April 14, 2023), was below the required minimum of $35 million for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days (or until October 16, 202

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Source: SEC EDGAR

accession 0001493152-23-013231

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