PHP Ventures Acquisition Corp.: Nasdaq/NYSE listing notice — PHP Ventures delisted by Nasdaq; trading suspended April 19, may appeal by May 2

PHP Ventures Acquisition Corp.

Nasdaq notified PHP on April 17, 2024 of delisting due to failure to meet Hearing Panel terms.
Trading suspended at open on April 19, 2024; company has until May 2, 2024 to appeal.
PHP still aims to close Business Combination with Modulex and then reapply for Nasdaq listing.
Plans to coordinate with a market maker to trade over the counter (OTC) in the interim.
PHP had unmet listing rules for annual meeting, 300 public holders, and MVLS below $35M.

item 3.01 item 8.01 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 hearing update notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: hearing update
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

notice from Nasdaq (the “ MVLS Notice ”) stating that the Company’s market value of listed securities (“ MVLS ”) for the last 30 consecutive business days (from March 6, 2023 to April 14, 2023), was below the required minimum of $35 million for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(2) (the “ MVLS Requirement ”). On October 9, 2023, the Company submitted its plan to regain compliance with Nasdaq by completing its initial business combination pursuant to the Business Combination Agreement dated as of December 8, 2022 (the “ Business Combination Agreement ”) by and among

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Source: SEC EDGAR

accession 0001493152-24-017104

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