secwatch.observer — SEC 8-K summary
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Issuer:     PHP Ventures Acquisition Corp. (—)
CIK:        0001863460
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001493152-23-033610
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863460/000149315223033610/0001493152-23-033610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863460/000149315223033610/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-033610

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