---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017104"
form_type: "8-K"
ticker: null
cik: "0001863460"
company_name: "PHP Ventures Acquisition Corp."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:43:34.431192+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# PHP Ventures delisted by Nasdaq; trading suspended April 19, may appeal by May 2

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-017104
- form_type: 8-K
- cik: 0001863460
- company_name: PHP Ventures Acquisition Corp.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1863460/000149315224017104/0001493152-24-017104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1863460/000149315224017104/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017104
- JSON: https://secwatch.observer/filing/0001493152-24-017104.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017104.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1863460/000149315224017104/0001493152-24-017104-index.htm

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