UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 16, 2023
PHP
Ventures Acquisition Corp.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
001-40696 |
|
86-3368971 |
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
CT 10-06, Level 10
Corporate Tower Subang Square
Jalan SS15/4G
Subang Jaya
47500 Selangor, Malaysia
(Addres
s of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code +60 3 5888 8485
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
|
☒ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Units,
each consisting of one share of Class A Common Stock, one-half of one redeemable warrant, and one right to acquire one-tenth of one
share of Class A common stock |
|
PPHPU |
|
The
Nasdaq Stock Market LLC |
Class
A Common Stock, $0.0001 par value per share |
|
PPHP |
|
The
Nasdaq Stock Market LLC |
Rights,
exchangeable into one-tenth of one share of Class A common stock |
|
PPHPR |
|
The
Nasdaq Stock Market LLC |
Redeemable
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
PPHPW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On
August 16, 2023, PHP Ventures Acquisition Corp., a Delaware corporation (the “Company”), issued a press release announcing
that it caused to be deposited $110,796.88 into the Company’s trust account for its public stockholders (the “Trust Account”),
allowing the Company to extend the date by which the Company may consummate an initial business combination by one month from August
16, 2023 to September 16, 2023 (the “Extension”). This Extension is permitted under the Company’s governing documents.
Previously,
on June 13, 2023, the Company caused to be deposited $110,796.88 into the Company’s Trust Account to allow the Company to extend
the period of time it had to consummate its initial business combination by one month from June 16, 2023, to July 16, 2023. On July 13,
2023, the Company also caused to be deposited an additional $110,796.88 into the Company’s Trust Account to allow the Company to
further extend the period of time it had to consummate its initial business combination from July 16, 2023 to August 16, 2023 (collectively,
the “Prior Extensions”). The Prior Extensions were permitted under the Company’s governing documents.
A
copy of the press release is attached as Exhibit 99.1 and is incorporated by reference.
Item
9.01. Exhibits.
Exhibit
Number |
|
Description
of Exhibit |
|
|
|
99.1 |
|
Press Release dated August 16, 2023. |
104 |
|
Cover Page Interactive
Data File (Embedded within the Inline XBRL document and included in Exhibit) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
PHP
Ventures Acquisition Corp |
|
|
|
Date:
August 16, 2023 |
By: |
/s/
Marcus Choo Yeow Ngoh |
|
|
Marcus
Choo Yeow Ngoh |
|
|
Chief
Executive Officer and Director |
Exhibit 99.1
PHP
Ventures Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination
Miami
Beach, Florida – August 16, 2023 – PHP Ventures Acquisition Corp (NASDAQ: PPHPU, PPHP, PPHPR, PPHPW), a special purpose
acquisition company (the “Company”), announced that it caused to be deposited $110,796.88 into the Company’s trust
account for its public stockholders, allowing the Company to extend the period of time it has to consummate its initial business combination
by one month—from August 16, 2023 to September 16, 2023 (the “Extension”). The Extension is the first of twelve (12),
one-month extensions permitted under the Company’s governing documents.
Previously,
on June 13, 2023, the Company caused to be deposited $110,796.88 into the Company’s Trust Account to allow the Company to extend
the period of time it had to consummate its initial business combination by one month from June 16, 2023, to July 16, 2023. On July 13,
2023, the Company also caused to be deposited an additional $110,796.88 into the Company’s Trust Account to allow the Company to
further extend the period of time it had to consummate its initial business combination from July 16, 2023 to August 16, 2023 (collectively,
the “Prior Extensions”). The Prior Extensions were permitted under the Company’s governing documents.
About
PHP Ventures Acquisition Corp
PHP
Ventures Acquisition Corp. (the “Company”) is a blank check company incorporated in the State of Delaware on April 13, 2021.
The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing
all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination
with one or more businesses or entities (“Business Combination”). The Company is led by its Chief Executive Officer, Marcus
Choo Yeow Ngoh.
Forward
Looking Statements
This
press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that
are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to
differ from the forward-looking statements, including those set forth in the Risk Factors section of the Company’s proxy statement
filed on July 31, 2023 with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website,
www.sec.gov. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking
statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any
statement is based.
Contact:
MZ
Group
Chris
Tyson
+1
(949) 492-8235
PPHP@mzgroup.us
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