---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033610"
form_type: "8-K"
ticker: null
cik: "0001863460"
company_name: "PHP Ventures Acquisition Corp."
filed_at: "2023-09-25T23:59:59+00:00"
generated_at: "2026-06-10T09:21:04.177857+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PHP Ventures Acquisition Corp. enters $1.5M promissory note with sponsor for working capital

## Summary
- Up to $1,500,000 unsecured promissory note issued to Global Link Investment LLC, bearing no interest.
- Note due upon closing of initial business combination or liquidation; may convert into units at $10.00 per unit.
- Drawdowns available in multiples of $40,000; proceeds for costs related to business combination and working capital.
- Lender waives any claim against the trust account; note is subordinated to trust account distributions.

## SEC filing metadata
- accession: 0001493152-23-033610
- form_type: 8-K
- cik: 0001863460
- company_name: PHP Ventures Acquisition Corp.
- filed_at: 2023-09-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863460/000149315223033610/0001493152-23-033610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863460/000149315223033610/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033610
- JSON: https://secwatch.observer/filing/0001493152-23-033610.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033610.txt

## Key facts
- Debt Financings
  PHP Ventures Acquisition Corp. incurred loan of up to an aggregate principal amount of $1,500,000 with Global Link Investment LLC at bears no interest maturing due and payable upon the earlier to occur of (a) the closing of an Initial Business Combination or (b) the liquidation of the Company.
  - Instrument: loan
  - Principal: up to an aggregate principal amount of $1,500,000
  - Counterparty: Global Link Investment LLC
  - Rate: bears no interest
  - Maturity: due and payable upon the earlier to occur of (a) the closing of an Initial Business Combination or (b) the liquidation of the Company
  - Event: incurrence
  source text: On September 24, 2023, PHP Ventures Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) pursuant to which the Company may borrow up to an aggregate principal amount of $1,500,000 to Global Link Investment LLC (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223033610/0001493152-23-033610-index.htm
- Material Agreements
  PHP Ventures Acquisition Corp. entered into Note with Global Link Investment LLC valued at $1,500,000 (effective 2023-09-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Global Link Investment LLC
  - Value: $1,500,000
  - Effective: 2023-09-24
  source text: On September 24, 2023, PHP Ventures Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) pursuant to which the Company may borrow up to an aggregate principal amount of $1,500,000 to Global Link Investment LLC (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315223033610/0001493152-23-033610-index.htm

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