secwatch.observer — SEC 8-K summary
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Issuer:     PHP Ventures Acquisition Corp. (—)
CIK:        0001863460
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001493152-23-038263
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PHP Ventures receives Nasdaq delisting notice for MVLS and public holder non-compliance
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- Nasdaq notified PHP on Oct 19, 2023 that it failed to regain compliance with MVLS ($35M minimum) and minimum public holders (300) rules.
- Unless appealed, trading will be suspended at opening on Oct 30, 2023 and Form 25-NSE filed to delist securities.
- Company plans to request a hearing before Nasdaq's hearings panel to stay suspension pending decision.
- PHP is pursuing a business combination with Modulex Modular Buildings Plc as a path to regain compliance.
- Previously, PHP had until Oct 16, 2023 to cure MVLS deficiency and until Oct 9, 2023 to address public holders rule.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1863460/000149315223038263/0001493152-23-038263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1863460/000149315223038263/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038263

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