---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-030311"
form_type: "8-K"
ticker: null
cik: "0001863460"
company_name: "PHP Ventures Acquisition Corp."
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T03:06:59.155875+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nasdaq warns PHP Ventures of insufficient public holders; 45 days to submit compliance plan

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-030311
- form_type: 8-K
- cik: 0001863460
- company_name: PHP Ventures Acquisition Corp.
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863460/000149315223030311/0001493152-23-030311-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863460/000149315223030311/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-030311
- JSON: https://secwatch.observer/filing/0001493152-23-030311.json
- Plain text: https://secwatch.observer/filing/0001493152-23-030311.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223030311/0001493152-23-030311-index.htm

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