8-K
filed August 17, 2023, 7:59 PM ET
CIK 0001863460
other material
confidence high
sentiment neutral
materiality 0.65
PHP Ventures extends deadline up to 12 months; 906,611 shares redeemed at $10.90
PHP Ventures Acquisition Corp.
- Stockholders approved Charter and Trust Agreement amendments allowing up to twelve 1-month extensions to Aug 16, 2024.
- Each extension requires sponsor deposit of lesser of $40,000 or $0.04 per public share into trust account.
- Holders of 906,611 public shares redeemed at ~$10.90/share, aggregating $9,882,059 from trust.
- Trust account post-redemption holds approx. $9,453,956 with 2,597,039 public shares outstanding.
- Company continues to pursue business combination with Modulex Modular Buildings Plc.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
PHP Ventures Acquisition Corp.: Approved amendment to extend deadline to complete initial business combination by up to twelve one-month extensions through August 16, 2024, with reduced deposit amounts (effective 2023-08-16).
- Change
- charter amendment
- Effective
- 2023-08-16
Exact text from the filing
At the Special Meeting, the stockholders approved the Extension Amendment Proposal for the Company to adopt and file with the Secretary of State of the State of Delaware the Amended Charter, which the Company promptly filed following the stockholders’ approval.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.85
PHP Ventures Acquisition Corp. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at Amendment No. 2 to allow extension of business combination deadline beyond August 16, 2023 (effective 2023-08-15).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Amendment No. 2 to allow extension of business combination deadline beyond August 16, 2023
- Effective
- 2023-08-15
Exact text from the filing
On August 15, 2023, at 8:00 a.m. ET, the Company held a virtual special meeting of its stockholders at https://www.cstproxy.com/phpventuresacquisition/2023, pursuant to due notice (such meeting, the “Special Meeting”) in that certain Proxy Statement on Schedule 14(a) filed July 31, 2023 (as amended, the “Proxy Statement”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PHP Ventures Acquisition Corp. shareholders approved Trust Amendment Proposal at the 2023-07-20 meeting.
- Outcome
- passed
- Meeting
- 2023-07-20
Exact text from the filing
Proposal 2 – Trust Amendment Proposal The Stockholders approved the Trust Amendment Proposal. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Broker Non-Votes 3,144,976 17,410 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PHP Ventures Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-07-20 meeting.
- Outcome
- passed
- Meeting
- 2023-07-20
Exact text from the filing
Proposal 1 – Extension Amendment Proposal The Stockholders approved the Extension Amendment Proposal. The following is a tabulation of the voting results: Common Stock: Votes For Votes Against Abstentions Broker Non-Votes 3,144,976 17,410 0 0
View on SEC.gov
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