---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013231"
form_type: "8-K"
ticker: null
cik: "0001863460"
company_name: "PHP Ventures Acquisition Corp."
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:44:47.559040+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PHP Ventures receives Nasdaq deficiency notices for low MVLS and unpaid fees

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-013231
- form_type: 8-K
- cik: 0001863460
- company_name: PHP Ventures Acquisition Corp.
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863460/000149315223013231/0001493152-23-013231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863460/000149315223013231/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013231
- JSON: https://secwatch.observer/filing/0001493152-23-013231.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013231.txt

## Key facts
- Listing & Compliance Notices
  PHP Ventures Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5250(f)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5250(f)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223013231/0001493152-23-013231-index.htm
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223013231/0001493152-23-013231-index.htm

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