PHP Ventures Acquisition Corp.: Nasdaq/NYSE listing notice — Nasdaq warns PHP Ventures of insufficient public holders; 45 days to submit compliance plan

PHP Ventures Acquisition Corp.

Received Nasdaq deficiency notice on Aug 24, 2023 for failing Minimum Public Holders Rule (300 holders).
Company must submit a plan by October 9, 2023 to regain compliance.
If Nasdaq accepts plan, it may grant up to 180-day extension; otherwise appeal to Nasdaq Hearings Panel.
Notice is a deficiency notification, not immediate delisting; trading continues on Nasdaq.

item 3.01 item 9.01

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 5550(a)(3)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(3)

Exact text from the filing

August 24, 2023, PHP Ventures Acquisition Corp., a Delaware corporation (the “ Company ”), received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that the Company was not in compliance with Listing Rule 5550(a)(3) (the “ Minimum Public Holders Rule ”), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on Nasdaq C

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Source: SEC EDGAR

accession 0001493152-23-030311

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